Wholesale prices in India rose by 2.02 percent year-on-year in June 2019, easing from a 2.45 percent gain in the previous month and below market expectations of 2.35 percent. It was the lowest wholesale inflation rate since July 2017, amid a slowdown in cost of manufactured products and a marked decline in fuel prices. Producer Prices Change in India averaged 7.02 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 2.50 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 3.20 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
2019-07-15 06:30 AM WPI Manufacturing YoY Jun 0.94% 1.28%
2019-07-15 06:30 AM WPI Fuel YoY Jun -2.2% 0.98%
2019-07-15 06:30 AM WPI Food YoY Jun 6.98% 6.99%
2019-07-15 06:30 AM WPI Inflation YoY Jun 2.02% 2.45% 2.35% 2.2%
2019-08-14 06:30 AM WPI Inflation YoY Jul 2.02% 2%
2019-08-14 06:30 AM WPI Manufacturing YoY Jul 0.94%
2019-08-14 06:30 AM WPI Fuel YoY Jul -2.2%



India Wholesale Inflation Slows to 2-Year Low

Wholesale prices in India rose by 2.02 percent year-on-year in June 2019, easing from a 2.45 percent gain in the previous month and below market expectations of 2.35 percent. It was the lowest wholesale inflation rate since July 2017, amid a slowdown in cost of manufactured products and a marked decline in fuel prices.

Manufactured products inflation eased to 0.94 percent in June from 1.28 percent in May, amid a slowdown in cost of chemical & chemical products (1.45 percent vs 1.96 percent), textiles (2.67 percent vs 3.46 percent), and rubber and plastics (0.18 percent vs 0.65 percent); and a further drop in prices of basic metals (-3.72 percent vs -2.23 percent). Meantime, cost of wood and of products of wood and cork rose faster (1.43 percent vs 0.67 percent).

In addition, cost of fuel & power fell by 2.2 percent, reversing a 0.98 percent advance a month earlier.

Meanwhile, prices of primary articles advanced 6.72 percent, faster than 6.16 percent in May, as cost of food articles continued to rise (6.98 percent vs 6.99 percent in May), namely vegetables (24.76 percent vs 33.15 percent), cereals (7.93 percent vs 7.9 percent), wheat (5.38 percent vs 6.35 percent), fruits (1.87 percent vs -3.51 percent), and milk (0.91 percent vs 1.13 percent). Conversely, potato prices fell further (-24.27 percent vs -23.36 percent).

On a monthly basis, wholesale prices increased by 0.2 percent in June, the same pace as in May.


Office of the Economic Advisor | Rida Husna | rida@tradingeconomics.com
7/15/2019 1:00:52 PM



India Prices Last Previous Highest Lowest Unit
Inflation Rate 3.18 3.05 12.17 1.54 percent [+]
Consumer Price Index CPI 142.90 142.00 142.90 86.81 Index Points [+]
GDP Deflator 134.80 129.70 146.50 100.00 Index Points [+]
Producer Prices 121.50 121.20 121.80 62.44 Index Points [+]
Producer Prices Change 2.02 2.45 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 2.17 1.83 14.72 -2.65 percent [+]
Inflation Expectations 8.10 8.50 16.00 8.00 percent [+]
Inflation Rate Mom 0.63 0.57 2.25 -1.55 percent [+]
Cpi Housing Utilities 149.40 150.10 150.10 100.30 Index Points [+]
CPI Transportation 124.60 124.90 126.90 103.20 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.02 2.45 34.68 -11.31 1969 - 2019 percent Monthly




Country Last Previous
Argentina 65.90 May/19
Australia 1.90 Mar/19
Brazil 7.30 Jun/19
Canada 0.60 May/19
China 0.00 Jun/19
Euro Area 1.60 May/19
France 0.80 May/19
Germany 1.20 Jun/19
India 2.02 Jun/19
Indonesia 1.93 May/19
Italy 1.50 May/19
Japan -0.10 Jun/19
Mexico 3.18 May/19
Netherlands 2.09 May/19
Russia 4.10 Jun/19
Saudi Arabia 2.20 May/19
Singapore -2.50 May/19
South Africa 6.40 May/19
South Korea 0.10 Jun/19
Spain 1.10 May/19
Switzerland -1.40 Jun/19
Turkey 25.04 Jun/19
United Kingdom 1.60 Jun/19
United States 1.70 Jun/19


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