The annual wholesale price inflation rate in India declined to 4.95 percent in December 2022 from 5.85 percent in the previous month, less than the market forecasts of 5.6 percent. This was the lowest figure since February 2021, amid a slowdown in prices of manufactured products (3.37% vs 3.59% in November) and despite a rise in basic metals (0.78% vs -0.07%). At the same time, prices of primary articles eased markedly (2.28% vs 5.52%), with the food cost falling by -1.25% (vs 1.07% in November). In contrast, fuel and power prices accelerated (18.09% vs 17.35%). On a monthly basis, wholesale prices were down 1.12 percent in December after a prior 0.52 percent fall. source: Office of the Economic Advisor, India

Producer Prices Change in India averaged 7.01 percent from 1969 until 2022, 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 February of 2023.

Producer Prices Change in India is expected to be 4.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Wholesale Price Index Change is projected to trend around 5.20 percent in 2024 and 5.50 percent in 2025, according to our econometric models.

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India Wholesale Price Index Change



Calendar GMT Actual Previous Consensus TEForecast
2022-12-14 06:30 AM Nov 5.85% 8.39% 6.5% 6.7%
2023-01-16 06:30 AM Dec 4.95% 5.85% 5.6% 5.5%
2023-02-14 06:30 AM Jan 4.95% 4.9%


Related Last Previous Unit Reference
Producer Prices 150.40 152.10 points Dec 2022
Producer Prices Change 4.95 5.85 percent Dec 2022

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 (64.2 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).
Actual Previous Highest Lowest Dates Unit Frequency
4.95 5.85 34.68 -11.31 1969 - 2022 percent Monthly

News Stream
India Wholesale Inflation Slows to 22-Month Low
The annual wholesale price inflation rate in India declined to 4.95 percent in December 2022 from 5.85 percent in the previous month, less than the market forecasts of 5.6 percent. This was the lowest figure since February 2021, amid a slowdown in prices of manufactured products (3.37% vs 3.59% in November) and despite a rise in basic metals (0.78% vs -0.07%). At the same time, prices of primary articles eased markedly (2.28% vs 5.52%), with the food cost falling by -1.25% (vs 1.07% in November). In contrast, fuel and power prices accelerated (18.09% vs 17.35%). On a monthly basis, wholesale prices were down 1.12 percent in December after a prior 0.52 percent fall.
2023-01-16
India Wholesale Inflation Slows to 21-Month Low
The annual wholesale price inflation rate in India declined to 5.85 percent in November 2022 from 8.39 percent in the prior month, less than market forecasts of 6.5 percent. This was the lowest figure since February 2021, amid a slowdown in prices of both manufactured products (3.59% vs 4.42% in October), with basic metals declining (-0.07% vs 1.32%); and fuel and power (17.35% vs 23.17%). Also, prices of primary articles eased (5.52% vs 11.04%) with cost of food slowing sharply (1.07% vs 8.33%). On a monthly basis, wholesale prices went down by 0.26 percent in November, reversing from an upwardly revised 0.39 percent gain in October.
2022-12-14
India Wholesale Inflation Eases More than Expected
The annual wholesale price inflation rate in India fell to 8.39 percent in October 2022 from 10.7 percent in the prior month and compared with market estimates of 8.7 percent. This was the lowest reading since March 2021, amid a slowdown in prices of both manufactured products (4.42% vs 6.34% in September), mainly basic metals (1.32% vs 6.53%); and fuel and power (23.17% vs 32.61%). Also, prices of primary articles moderated (11.04% vs 11.73%) with cost of food easing sharply (8.33% vs 11.03%). On a monthly basis, wholesale prices increased by 0.26 percent in October, swinging from a 0.72 percent decline in September.
2022-11-14