India Wholesale Inflation at 4-Month High of 3.18%



Wholesale prices in India rose by 3.18 percent year-on-year in April of 2018, after a 2.47 percent gain in the prior month and above market estimates of 2.86 percent. It was the highest wholesale inflation since December 2017, as cost increased at a faster pace for manufactured products and fuel, while prices of food rebounded.

In April, cost of primary articles increased at a faster 1.41 percent (from 0.24 percent in March), as cost of food rebounded (0.87 percent from -0.29 percent in a month earlier), namely potato (67.94 percent). Also, cost increased more for manufactured products (3.11 percent from 3.03 percent), and fuel and power (7.85 percent from 4.7 percent). 

On a monthly basis, wholesale prices increased by 0.7 percent, compared to a 0.2 percent rise in March.

India Wholesale Inflation at 4-Month High of 3.18%


Office of the Economic Adviser l Rida | rida@tradingeconomics.com
5/14/2018 6:57:41 AM