India Wholesale Inflation at 8-Month Low of 2.47%



Wholesale prices in India rose by 2.47 percent year-on-year in March of 2018, after a 2.48 percent gain in the prior month and below market estimates of 2.58 percent. It was the lowest wholesale inflation since July last year, as cost of food fell markedly while manufactured products inflation was little-changed.

In March, cost of primary articles increased at a slower 0.24 percent (from 0.79 percent in February), as cost of food fell (-0.29 percent from 0.88 percent in a month earlier), namely vegetables (-2.7 percent, compared to 15.26 percent). Meantime, cost of manufactured products rose 3.03 percent (from 3.04 percent in February). Cost of fuel and power went up by 4.7 percent, following a 3.81 percent rise in a month earlier. 

On a monthly basis, wholesale prices increased by 0.2 percent, compared to a flat reading in February. 

 India Wholesale Inflation at 8-Month Low of 2.47%


Office of the Economic Adviser l Rida Husna | rida@tradingeconomics.com
4/16/2018 9:46:16 AM