Wholesale prices in India rose by 3.07 percent year-on-year in April 2019, following a 3.18 percent gain in the previous month and matching market expectations. Cost slowed for both fuel and manufactured products. On a monthly basis, wholesale prices increased by 0.8 percent in April, much faster than a 0.42 percent gain in March. Producer Prices Change in India averaged 7.03 percent from 1969 until 2019, 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 3.20 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 4.50 in 12 months time. In the long-term, the India Wholesale Price Index Change is projected to trend around 5.10 percent in 2020, according to our econometric models.

India Wholesale Price Index Change
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-14 06:30 AM WPI Food YoY 7.37% 5.68%
2019-05-14 06:30 AM WPI Fuel YoY 3.84% 5.41%
2019-05-14 06:30 AM WPI Manufacturing YoY 1.72% 2.16%
2019-05-14 06:30 AM WPI Inflation YoY 3.07% 3.18% 3.07% 3.4%
2019-06-14 06:30 AM WPI Inflation YoY 3.07% 4%
2019-06-14 06:30 AM WPI Food YoY 7.37%
2019-06-14 06:30 AM WPI Fuel YoY



India April Wholesale Inflation Slows to 3.07%

Wholesale prices in India rose by 3.07 percent year-on-year in April 2019, following a 3.18 percent gain in the previous month and matching market expectations. Cost slowed for both fuel and manufactured products.

In April, cost of fuel & power increased at a slower rate (3.84 percent vs 5.41 percent in March). Also, manufactured products inflation eased to 1.72 percent from 2.16 percent, as prices rose less for basic metals (0.18 percent vs 1.28 percent), chemical & chemical products (2.92 percent vs 3.64 percent), textiles (3.92 percent vs 3.94 percent), rubber and plastics (1.66 percent vs 2.14 percent), and wood and of products of wood and cork (1.21 percent vs 3.27 percent).  

Meanwhile, cost of primary articles rose by 6.5 percent, faster than a 5.07 percent gain in March, with prices of food articles rising further (7.37 percent vs 5.68 percent in March), mainly driven by vegetables (40.65 percent vs 28.13 percent), pulses or grain legumes (14.32 percent vs 10.63 percent), cereals (8.43 percent vs 8.92 percent); wheat (7.52 percent vs 10.13 percent), and milk (1.49 percent vs 1.78 percent). However, there were declines in prices of potato (-17.15 percent vs 1.30 percent), onion (-3.43 percent vs -31.34 percent) and fruits (-6.88 percent vs -7.62 percent).

On a monthly basis, wholesale prices increased by 0.8 percent in April, much faster than a 0.42 percent gain in March.


Office of the Economic Advisor l Rida Husna | rida@tradingeconomics.com
5/14/2019 7:27:00 AM



India Prices Last Previous Highest Lowest Unit
Inflation Rate 2.92 2.86 12.17 1.54 percent [+]
Consumer Price Index CPI 141.10 140.40 141.10 86.81 Index Points [+]
GDP Deflator 135.10 128.80 146.50 100.00 Index Points [+]
Producer Prices 120.90 120.00 121.80 62.44 Index Points [+]
Producer Prices Change 3.07 3.18 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 1.10 0.30 14.72 -2.65 percent [+]
Inflation Expectations 8.10 8.50 16.00 8.00 percent [+]
Inflation Rate Mom 0.36 0.21 2.25 -1.55 percent [+]
Cpi Housing Utilities 149.70 149.00 149.70 100.30 Index Points [+]
CPI Transportation 124.90 124.60 126.90 103.20 Index Points [+]


India Wholesale Price Index Change

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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.07 3.18 34.68 -11.31 1969 - 2019 percent Monthly




Country Last Previous
Argentina 66.90 Mar/19
Australia 1.90 Mar/19
Brazil 10.30 Mar/19
Canada 1.50 Mar/19
China 0.90 Apr/19
Euro Area 2.90 Mar/19
France 1.90 Mar/19
Germany 2.50 Apr/19
India 3.07 Apr/19
Indonesia 2.08 Mar/19
Italy 2.90 Mar/19
Japan 1.20 Apr/19
Mexico 4.52 Feb/19
Netherlands 2.51 Mar/19
Russia 10.70 Apr/19
Saudi Arabia 0.10 Mar/19
Singapore 3.50 Mar/19
South Africa 6.20 Mar/19
South Korea 0.60 Apr/19
Spain 2.30 Apr/19
Switzerland -0.60 Apr/19
Turkey 30.12 Apr/19
United Kingdom 2.10 Apr/19
United States 2.20 Apr/19


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