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.