India's wholesale prices rose by 2.03 percent year-on-year in January 2021, accelerating from a 1.22 percent gain in the prior month and above market consensus of 1.3 percent, boosted by a faster increase in manufactured products cost (5.13 percent vs 4.24 percent in December) and a smaller decline in fuel and power prices (-4.78 percent vs -8.72 percent). Meanwhile, cost of food articles dropped by 2.8 percent, after falling 1.1 percent in December. source: Office of the Economic Advisor, India

Producer Prices Change in India averaged 6.83 percent from 1969 until 2021, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.

Producer Prices Change in India is expected to be 2.70 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 4.50 percent in 2022, according to our econometric models.

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India Wholesale Price Index Change

Actual Previous Highest Lowest Dates Unit Frequency
2.03 1.22 34.68 -11.31 1969 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-02-15 06:30 AM WPI Fuel YoY Jan -4.78% -8.72%
2021-02-15 06:30 AM WPI Food YoY Jan -2.8% -1.11%
2021-02-15 06:30 AM WPI Manufacturing YoY Jan 5.13% 4.24%
2021-02-15 06:30 AM WPI Inflation YoY Jan 2.03% 1.22% 1.3% 1.3%
2021-03-15 06:30 AM WPI Inflation YoY Feb 2.03%
2021-03-15 06:30 AM WPI Manufacturing YoY Feb 5.13%
2021-03-15 06:30 AM WPI Food YoY Feb -2.8%
2021-03-15 06:30 AM WPI Fuel YoY Feb -4.78%


News Stream
India Wholesale Inflation Rate Above Expectations
India's wholesale prices rose by 2.03 percent year-on-year in January 2021, accelerating from a 1.22 percent gain in the prior month and above market consensus of 1.3 percent, boosted by a faster increase in manufactured products cost (5.13 percent vs 4.24 percent in December) and a smaller decline in fuel and power prices (-4.78 percent vs -8.72 percent). Meanwhile, cost of food articles dropped by 2.8 percent, after falling 1.1 percent in December.
2021-02-15
India Wholesale Prices Rise the Least in 4 Months
India's wholesale prices rose by 1.22 percent year-on-year in December 2020, slowing from a 1.55 percent gain in the prior month and compared with market consensus of 1.3 percent. This was the weakest rise in wholesale prices since August, amid a decline in prices of both food articles (-1.11 percent vs 3.94 percent in November), and fuel and power (-8.72 percent vs -9.87 percent). In contrast, cost of manufactured products rose faster (4.24 percent vs 2.97 percent).
2021-01-14
India Wholesale Prices Rise Most in 9 Months
India's wholesale prices increased 1.55 percent from a year earlier in November 2020, the most since February and compared with market expectations of 1.62 percent, mainly boosted by an increase in cost of manufactured products (2.97 percent vs 2.12 percent in October). Meanwhile, food wholesale price inflation slowed (3.94 percent vs 6.37 percent), while prices of fuel and power fell (-9.87 percent vs -10.95 percent).
2020-12-14
India Wholesale Prices Rise the Most in 8 Months
India's wholesale prices increased 1.48 percent from a year earlier in October 2020, after a 1.32 percent growth in the previous month. It was the third straight annual increase in prices and the strongest since February, as food prices remained elevated (6.37 percent vs 8.17 percent in September). Also, cost advanced faster for manufactured products (2.12 percent vs 1.61 percent). Meanwhile, those of fuel and power continued to plunge (-10.95 percent vs -9.54 percent).
2020-11-16

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 (64.2 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).