India Wholesale Inflation Rises More than Expected


Wholesale prices in India rose by 5.13 percent year-on-year in September of 2018, after a 4.53 percent gain in the prior month and above market estimates of 4.9 percent. Cost of manufacturing products and fuel continued to rise while prices of food fell much less.

In September, cost of manufactured products increased 4.22 percent, after a 4.43 percent rise in August; while cost of fuel and power  went up 16.65 percent, compared to a 17.73 percent rise in a month earlier. Meantime, cost of primary articles rose 2.97 percent, following a 0.15 percent fall in a month earlier, as cost of food dropped much less (-0.21 percent vs -4.04 percent in August), namely onion (-25.5 percent); vegetables (-3.83 percent) and fruits (-7.35 percent). 

On a monthly basis, wholesale prices rose 0.7 percent, compared to a 0.3 percent gain in August.

India Wholesale Inflation Rises More than Expected


Office of the Economic Adviser l Rida | rida@tradingeconomics.com
10/15/2018 6:55:32 AM