India Wholesale Price Index Change

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. Producer Prices Change in India averaged 7 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.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2019-09-16	06:30 AM	WPI Fuel YoY Aug	-4%	-3.64%
2019-09-16	06:30 AM	WPI Manufacturing YoY Aug	0.0%	0.34%
2019-09-16	06:30 AM	WPI Food YoY Aug	7.67%	6.15%
2019-09-16	06:30 AM	WPI Inflation YoY Aug	1.08%	1.08%	1.04%	1.1%
2019-10-14	06:30 AM	WPI Inflation YoY Sep		1.08%		2.5%
2019-11-14	06:30 AM	WPI Fuel YoY Oct
2019-11-14	06:30 AM	WPI Manufacturing YoY Oct

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 while markets had estimated 1.04 percent. It remained the lowest wholesale inflation rate since June 2017.

Cost of manufacturing, accounting for about 64 percent of the index, was flat in August, after a 0.34 percent rise in July. Prices of textiles were unchanged (vs 1.36 percent in July), while cost fell for chemical & chemical products (-0.42 percent vs 0.42 percent). In addition, prices dropped further for rubber and plastics (-1.19 percent vs -0.27 percent), and basic metals (-6.09 percent vs -4.28 percent). Also, cost of wood and products of wood and cork slowed (0.6 percent vs 1.36 percent).

Prices of primary articles advanced 6.43 percent, faster than a 5.03 percent gain in a month earlier, amid a faster rise in cost of food articles (7.67 percent vs 6.15 percent), in particular vegetables (13.67 percent vs 10.67 percent) and milk (1.18 percent vs 0.28 percent). Meantime, potato prices continued to drop (-21.28 percent vs -23.63 percent).

Meanwhile, wholesale prices of fuel products, including petrol, diesel and cooking gas, fell 4 percent, after declining 3.64 percent in the previous month.

On a monthly basis, wholesale prices rose by 0.2 percent in August, the same as in July.

Office of the Economic Advisor l Rida Husna | rida@tradingeconomics.com
9/16/2019 8:58:15 AM

News

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 inflation rate since June 2017.
Published on 2019-08-14

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.
Published on 2019-07-15

India Wholesale Inflation Slows to Near 2-Year Low of 2.45%
Wholesale prices in India rose by 2.45 percent year-on-year in May 2019, easing from a 3.07 percent gain in the previous month and below market expectations of 3.1 percent. It was the lowest wholesale inflation rate since July 2017, amid a slowdown in cost of food, fuel and manufactured products.
Published on 2019-06-14

India April Wholesale Inflation Slows to 3.07%
Wholesale prices in India rose by 3.07 percent year-on-year in April 2019, following a 3.18 percent gain in the previous month and matching market expectations. Cost slowed for both fuel and manufactured products.
Published on 2019-05-14

India Prices	Last	Previous	Highest	Lowest	Unit
Inflation Rate	3.21	3.15	12.17	1.54	percent	[+]
Consumer Price Index CPI	144.90	144.20	144.90	86.81	Index Points	[+]
GDP Deflator	134.80	129.70	146.50	100.00	Index Points	[+]
Producer Prices	121.40	121.20	122.00	62.44	Index Points	[+]
Producer Prices Change	1.08	1.08	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	2.99	2.36	14.72	-2.65	percent	[+]
Inflation Expectations	7.90	8.10	16.00	7.90	percent	[+]
Inflation Rate Mom	0.49	0.91	2.25	-1.55	percent	[+]
Cpi Housing Utilities	151.60	150.60	151.60	100.30	Index Points	[+]
CPI Transportation	125.80	125.60	126.90	103.20	Index Points	[+]

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 September of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	1.08	1.08	34.68	-11.31	1969 - 2019	percent	Monthly

Export Data API

Country	Last		Previous	Range
Argentina	52.40	Jul/19	59.3	125 : -7.15	%
Australia	2.00	Jun/19	1.9	6.3 : -1.5	%
Brazil	4.50	Aug/19	6.5	6720 : -4.77	%
Canada	-1.70	Jul/19	-1.7	21.1 : -7.2	%
China	-0.80	Aug/19	-0.3	13.47 : -8.2	%
Euro Area	0.20	Jul/19	0.7	10.8 : -8.2	%
France	0.00	Jul/19	0.2	7.3 : -7.6	%
Germany	1.10	Jul/19	1.2	22.4 : -7.8	%
India	1.08	Aug/19	1.08	34.68 : -11.31	%
Indonesia	0.90	Aug/19	0.93	153 : -12	%
Italy	-0.50	Jul/19	0.9	9.2 : -7.6	%
Japan	-0.90	Aug/19	-0.6	33.9 : -8.6	%
Mexico	3.38	Jul/19	2.49	9.81 : 0.92	%
Netherlands	0.19	Jul/19	0.57	13 : -15.41	%
Russia	0.30	Aug/19	1.1	33.7 : -12.3	%
Saudi Arabia	2.70	Jul/19	2.1	17 : -5.36	%
Singapore	-6.00	Jul/19	-5.5	29.27 : -22.2	%
South Africa	4.90	Jul/19	5.8	8.8 : 2.61	%
South Korea	-0.30	Jul/19	0.1	47.4 : -4.7	%
Spain	-0.80	Jul/19	-0.8	24.6 : -6.7	%
Switzerland	-1.90	Aug/19	-1.7	18.66 : -6.8	%
Turkey	13.45	Aug/19	21.66	140 : -3.75	%
United Kingdom	1.60	Aug/19	1.9	27.8 : -1.9	%
United States	1.80	Aug/19	1.7	19.57 : -6.86	%