Wholesale prices in India declined by 3.1 percent year-on-year in May 2020 and compared with market estimates of a 1.05 percent fall. This was the steepest drop in wholesale prices since November of 2015, amid strict public health measures to contain the spread of coronavirus outbreak. Food prices rose 1.13 percent in May, slowing from a 2.55 percent gain in April, pushed down by onion (6.26 percent vs 73.52 percent), potatoes (52.25 percent vs 59.40 percent), and vegetables (-12.48 percent vs 2.22 percent). At the same time, the cost of fuel and power plunged much faster (-19.83 percent vs -10.12 percent), due to falling crude oil prices. Also, manufacturing cost fell 0.42 percent, mainly due to chemicals and chemical products (-3.92 percent), textiles (-2.76 percent), and paper and paper products (-1.71 percent). In April, wholesale prices could not be computed due to the nonavailability of manufactured product group index.

Producer Prices Change in India averaged 6.92 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 July of 2020. source: Office of the Economic Advisor, India

Producer Prices Change in India is expected to be -4.50 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 2.70 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.

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India Wholesale Price Index Change

Actual Previous Highest Lowest Dates Unit Frequency
-3.21 0.42 34.68 -11.31 1969 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-15 06:30 AM WPI Manufacturing YoY May -0.42% 0.34%
2020-06-15 06:30 AM WPI Fuel YoY May -19.83% -10.12%
2020-06-15 06:30 AM WPI Food YoY May 1.13% 2.55%
2020-06-15 06:30 AM WPI Inflation YoY May -3.21% 0.42% -1.05% -1.2%
2020-07-14 06:30 AM WPI Inflation YoY Jun -3.21% -4.5%
2020-08-14 06:30 AM WPI Inflation YoY Jul
2020-09-14 06:30 AM WPI Inflation YoY Aug
2020-10-14 06:30 AM WPI Inflation YoY Sep 3.3%


News Stream
India Wholesale Prices Fall More than Expected
Wholesale prices in India declined by 3.1 percent year-on-year in May 2020 and compared with market estimates of a 1.05 percent fall. This was the steepest drop in wholesale prices since November of 2015, amid strict public health measures to contain the spread of coronavirus outbreak. Food prices rose 1.13 percent in May, slowing from a 2.55 percent gain in April, pushed down by onion (6.26 percent vs 73.52 percent), potatoes (52.25 percent vs 59.40 percent), and vegetables (-12.48 percent vs 2.22 percent). At the same time, the cost of fuel and power plunged much faster (-19.83 percent vs -10.12 percent), due to falling crude oil prices. Also, manufacturing cost fell 0.42 percent, mainly due to chemicals and chemical products (-3.92 percent), textiles (-2.76 percent), and paper and paper products (-1.71 percent). In April, wholesale prices could not be computed due to the nonavailability of manufactured product group index.
2020-06-15
India Wholesale Prices Unable to be Computed in April
Wholesale prices in India could not be computed for April 2020 due to non availability of manufactured product group index, the Office of Economic Adviser said in a statement. "In view of the preventive measures and announcement of nationwide lockdown to contain COVID-19 pandemic, the price collection of manufactured products through personal visits of price collectors was suspended with effect from March 19," it added. Meanwhile, wholesale food articles prices rose 2.55 percent, easing from 4.91 percent in March, of which onion (73.52 percent vs 112.31 percent), potato (59.40 percent vs 61.81 percent) and vegetables (2.22 percent vs 11.90 percent). At the same time, there were declines in fuel and power costs (-10.12 percent vs -1.76 percent).
2020-05-14
Indian Wholesale Inflation Rate at 4-Month Low of 1%
Wholesale prices in India increased 1.0 percent year-on-year in March 2020, following a 2.26 percent gain in the previous month and below market expectations of a 2.0 percent rise. It was the lowest wholesale inflation rate since November last year, as prices slowed for food (4.91 percent vs 7.79 percent in February), in particular onion (112.31 percent vs 162.3 percent), and vegetables (11.90 percent vs 29.97 percent); and manufacturing (0.34 percent vs 0.42 percent). In addition, fuel prices fell (-1.76 percent vs 3.38 percent). On a monthly basis, wholesale prices declined by 0.9 percent, after falling 0.6 percent in the prior month.
2020-04-15
India Wholesale Inflation Rate Eases to 3-Month Low in February
Wholesale prices in India rose 2.26 percent year-on-year in February 2020, following a 3.1 percent gain in the previous month and below market expectations of 2.65 percent. It was the lowest wholesale inflation rate since November last year, as prices slowed for food (7.79 percent vs 11.51 percent in January), in particular onion (162.3 percent vs 293.4 percent), and vegetables (29.97 percent vs 52.72 percent); and fuel (3.38 percent vs 3.42 percent). On the other hand, cost of manufacturing rose at a faster pace (0.42 percent vs 0.34 percent). On a monthly basis, wholesale prices declined by 0.6 percent, after rising 0.1 percent in the prior month.
2020-03-16

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 (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). .