Wholesale prices in India increased 2.59 percent year-on-year in December 2019, compared to a 0.58 percent advance in the previous month and market expectations of a 2.15 percent rise. That was the highest rate since May, as food inflation accelerated to 13.24 percent from 11.08 percent in a month ago, led by a 455.83 percent jump in onion prices. Meanwhile, there were declines in prices of both fuel (-1.46 percent vs -7.32 percent) and manufactured products (-0.25 percent vs -0.84 percent). On a monthly basis, wholesale prices went up by 0.41 percent in December, after a 0.08 percent gain in November. Producer Prices Change in India averaged 6.96 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. source: Office of the Economic Advisor, India

Producer Prices Change in India is expected to be 1.90 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 3.90 in 12 months time. In the long-term, the India Wholesale Price Index Change is projected to trend around 4.50 percent in 2020, according to our econometric models.

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India Wholesale Price Index Change

Actual Previous Highest Lowest Dates Unit Frequency
2.59 0.58 34.68 -11.31 1969 - 2019 percent Monthly



Calendar GMT Actual Previous Consensus TEForecast
2020-01-14 06:30 AM WPI Manufacturing YoY Dec -0.25% -0.84%
2020-01-14 06:30 AM WPI Food YoY Dec 13.24% 11.08%
2020-01-14 06:30 AM WPI Fuel YoY Dec -1.46% -7.32%
2020-01-14 06:30 AM WPI Inflation YoY Dec 2.59% 0.58% 2.15% 2%
2020-02-14 06:30 AM WPI Inflation YoY Jan 2.59% 1.6%


News Stream
2019-12-16
India Wholesale Inflation at 3-Month High of 0.58%
Wholesale prices in India rose by 0.58 percent year-on-year in November of 2019, accelerating from a 0.16 percent gain in the previous month and compared with market expectations of a 0.74 percent rise. It was the highest wholesale inflation rate since August, amid a faster rise in cost of food namely vegetables, while fuel prices fell less. On a monthly basis, wholesale prices edged up by 0.08 percent in November, after a 0.7 percent gain in October.

2019-11-14
India Wholesale Inflation at Near 3-1/2-Year Low
Wholesale prices in India rose by 0.16 percent year-on-year in October of 2019, slowing from a 0.33 percent gain in the previous month and compared with market expectations of a flat reading. It was the lowest wholesale inflation rate since a decline in June 2016, as cost of both fuel and manufacturing continued to fall. On a monthly basis, wholesale prices rose by 0.7 percent in October, after a 0.1 percent fall in September.

2019-10-14
India Wholesale Inflation at Over 3-Year Low
Wholesale prices in India rose by 0.33 percent year-on-year in September 2019, following a 1.08 percent gain in the previous month and compared with market expectations of a 0.9 percent gain. It was the lowest wholesale inflation rate since a 0.09 percent fall in June 2016, as cost of food rose at a slower rate and there was a decline in prices of both manufactured products and fuel. On a monthly basis, wholesale prices went down by 0.08 percent in September.

2019-09-16
India Wholesale Inflation Unchanged at Over 2-Year Low
Wholesale prices in India rose by 1.08 percent year-on-year in August 2019, the same pace as in the previous month and compared with market expectations of a 1.04 percent gain. It remained the lowest wholesale inflation rate since June 2017, as cost of fuel continued to fall while food prices increased further. On a monthly basis, wholesale prices rose by 0.2 percent in August.

2019-08-14
India Wholesale Inflation Slows to Over 2-Year Low
Wholesale prices in India rose by 1.08 percent year-on-year in July 2019, slowing from a 2.02 percent gain in the previous month and missing market expectations of 1.93 percent. It was the lowest wholesale rate since June 2017, mainly due to a slowdown in manufacturing inflation and a decline in fuel prices.

2019-07-15
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. On a monthly basis, wholesale prices increased by 0.2 percent in June, the same pace as in May.


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). .

India Prices Last Previous Highest Lowest Unit
Inflation Rate 7.35 5.54 12.17 1.54 percent [+]
Consumer Price Index CPI 150.40 148.60 150.40 86.81 points [+]
GDP Deflator 134.80 129.70 146.50 100.00 points [+]
Producer Prices 122.80 122.30 122.80 62.44 points [+]
Producer Prices Change 2.59 0.58 34.68 -11.31 percent [+]
Export Prices 376.00 372.00 376.00 100.00 points [+]
Import Prices 513.00 523.00 523.00 100.00 points [+]
Food Inflation 14.12 10.01 14.72 -2.65 percent [+]
Inflation Expectations 8.10 7.90 16.00 7.90 percent [+]
Inflation Rate Mom 1.21 0.95 2.25 -1.55 percent [+]
Cpi Housing Utilities 152.80 153.50 153.50 100.30 points [+]
CPI Transportation 129.50 126.60 129.50 103.20 points [+]