India Wholesale Price Index Change

Wholesale prices in India rose by 3.8 percent year-on-year in December 2018, slowing from a 4.64 percent gain in the prior month and below than market estimates of 4.42 percent. It was the lowest wholesale inflation since April, as cost increased at a softer pace for fuel and manufactured products while prices of food declined further. On a monthly basis, wholesale prices decreased by 1.40 percent, following a 0.1 percent rise in November. Producer Prices Change in India averaged 7.06 percent from 1969 until 2018, reaching an all time high of 34.68 percent in September of 1974 and a record low of -11.31 percent in May of 1976.

Producer Prices Change in India is expected to be 4.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in India to stand at 5.00 in 12 months time. In the long-term, the India Wholesale Price Index Change is projected to trend around 5.90 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-12-14	06:30 AM	WPI Manufacturing YoY	4.21%	4.49%
2018-12-14	06:30 AM	WPI Fuel YoY	16.28%	18.44%
2018-12-14	06:30 AM	WPI Food YoY	-3.31%	-1.49%
2019-01-14	06:30 AM	WPI Inflation YoY	3.8%	4.64%	4.42%	4.5%
2019-02-14	06:30 AM	WPI Inflation YoY		3.8%
2019-02-14	06:30 AM	WPI Manufacturing YoY		3.59%
2019-02-14	06:30 AM	WPI Food YoY		-0.07%

India December Wholesale Inflation Slows to 8-Month Low

Wholesale prices in India rose by 3.8 percent year-on-year in December 2018, slowing from a 4.64 percent gain in the prior month and below than market estimates of 4.42 percent. It was the lowest wholesale inflation since April, as cost increased at a softer pace for fuel and manufactured products while prices of food declined further.

In December, cost went up at a softer pace for fuel & power (8.38 percent vs 16.28 percent in November) and manufactured products (3.59 percent vs 4.21 percent), amid slowing prices of basic metals (9.33 percent vs 12.44 percent), food products (0.24 percent vs 0.7 percent), chemical & chemical products (6.01 percent vs 7.47 percent) and textiles (5.30 percent vs 5.49 percent).

Meanwhile, prices of primary articles rose faster (2.28 percent vs 0.88 percent in a month earlier), including cereals (7.59 percent vs 7.23 percent), wheat (9.61 percent vs 9.18 percent) and minerals (14.89 percent vs 6.97 percent). Also, cost fell less for food articles (-0.07 percent vs -3.31 percent) and vegetables (-17.55 percent vs 26.98 percent).

On a monthly basis, wholesale prices decreased by 1.40 percent, following a 0.1 percent rise in November.

Office of the Economic Advisor, India l Chusnul Ch Manan| chusnul@tradingeconomics.com
1/14/2019 10:17:52 AM

News

India November Wholesale Inflation Slows to 3-Month Low
Wholesale prices in India rose by 4.64 percent year-on-year in November 2018, slowing from a 5.28 percent gain in the prior month and slightly below than market estimates of 4.7 percent. It was the lowest wholesale inflation since August, as cost increased at a softer pace for fuel and manufactured products while prices of food declined further.
Published on 2018-12-14

India Wholesale Inflation at 4-Month High of 5.28%
Wholesale prices in India rose by 5.28 percent year-on-year in October 2018, after a 5.13 percent gain in the prior month and above market estimates of 5 percent. It was the highest wholesale inflation since June, as cost advanced faster for fuel and manufactured products.
Published on 2018-11-14

India Wholesale Inflation Rises More than Expected
Wholesale prices in India rose by 5.13 percent year-on-year in September of 2018, after a 4.53 percent gain in the prior month and above market estimates of 4.9 percent. Cost of manufacturing products and fuel continued to rise while prices of food fell much less.
Published on 2018-10-15

India August Wholesale Inflation Slows to 4-Month Low
Wholesale prices in India rose by 4.53 percent year-on-year in August of 2018, after a 5.09 percent gain in the prior month and below market estimates of 4.65 percent. It is the lowest wholesale inflation since April, as cost of fuel increased at a softer pace while prices of food declined further.
Published on 2018-09-14

India Prices	Last	Previous	Highest	Lowest	Unit
Inflation Rate	2.19	2.33	12.17	1.54	percent	[+]
Consumer Price Index CPI	140.20	140.80	140.80	86.81	Index Points	[+]
GDP Deflator	128.80	125.10	146.50	100.00	Index Points	[+]
Producer Prices	120.10	121.80	121.80	62.44	Index Points	[+]
Producer Prices Change	3.80	4.64	34.68	-11.31	percent	[+]
Export Prices	376.00	372.00	376.00	100.00	Index Points	[+]
Import Prices	513.00	523.00	523.00	100.00	Index Points	[+]
Food Inflation	-2.51	-2.61	14.72	-2.61	percent	[+]
Inflation Rate Mom	-0.43	0.07	2.25	-1.55	percent	[+]
Cpi Housing Utilities	146.50	146.90	146.90	100.30	Index Points	[+]
CPI Transportation	123.60	125.50	126.90	103.20	Index Points	[+]

In India, the wholesale price index (WPI) is the main measure of inflation. The WPI measures the price of a representative basket of wholesale goods. In India, wholesale price index is divided into three groups: Fuel and Power (13.2 percent), Primary Articles (22.6 percent of total weight) and Manufactured Products (654.2 percent). Food Articles from the Primary Articles Group account for 15.2 percent of the total weight. The most important components of the Manufactured Products Group are Basic Metals (9.7 percent of total weight); Food products (9.1 percent); Chemicals and Chemical products (6.5 percent) and Textiles (4.9 percent). . This page provides the latest reported value for - India Wholesale Price Index Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. India Wholesale Price Index Change - actual data, historical chart and calendar of releases - was last updated on January of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	3.80	4.64	34.68	-11.31	1969 - 2018	percent	Monthly

Export Data API

Country	Last		Previous	Range
Argentina	75.50	Dec/18	76	125 : -7.15	%
Australia	2.10	Sep/18	1.5	6.3 : -1.5	%
Brazil	10.80	Nov/18	13.9	6720 : -4.77	%
Canada	2.80	Nov/18	5.2	21.1 : -7.2	%
China	0.90	Dec/18	2.7	13.47 : -8.2	%
Euro Area	4.00	Nov/18	4.9	10.8 : -8.2	%
France	2.60	Nov/18	3.9	7.3 : -7.6	%
Germany	2.70	Dec/18	3.3	22.4 : -7.8	%
India	3.80	Dec/18	4.64	34.68 : -11.31	%
Indonesia	4.32	Dec/18	5.06	153 : -12	%
Italy	4.50	Nov/18	5.8	9.2 : -7.6	%
Japan	1.50	Dec/18	2.3	33.9 : -8.6	%
Mexico	6.51	Nov/18	6.26	9.81 : 0.92	%
Netherlands	2.43	Nov/18	4.89	13 : -15.41	%
Russia	16.80	Nov/18	16.9	33.7 : -12.3	%
Saudi Arabia	16.20	Nov/18	16.3	17 : -5.36	%
Singapore	5.10	Nov/18	12.7	29.27 : -22.2	%
South Africa	6.80	Nov/18	6.9	8.8 : 2.61	%
South Korea	1.00	Dec/18	1.5	47.4 : -4.7	%
Spain	3.00	Nov/18	4.6	24.6 : -6.7	%
Switzerland	0.60	Dec/18	1.4	18.66 : -6.8	%
Turkey	33.64	Dec/18	38.54	140 : -3.75	%
United Kingdom	2.50	Dec/18	3	27.8 : -1.9	%
United States	2.50	Dec/18	2.5	19.57 : -6.86	%