India's wholesale prices increased 0.16 percent from a year earlier in August 2020, after a 0.58 percent fall in the previous month and compared to market expectations of a 0.27 percent drop. It was the first annual increase in prices since March, as the economy recovers from the pandemic shock. Prices increased for manufactured products (1.27 percent vs 0.51 percent in July) and food articles (3.84 percent vs 4.08 percent), while fuel and power cost continued to fall (-9.68 percent vs -9.84 percent).
Producer Prices Change in India averaged 6.88 percent from 1969 until 2020, 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 October of 2020. source: Office of the Economic Advisor, India
Producer Prices Change in India is expected to be 0.90 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 2.50 in 12 months time. In the long-term, the India Wholesale Price Index Change is projected to trend around 4.50 percent in 2021, according to our econometric models.