India Wholesale Price Inflation Below Expectations

Wholesale prices in India rose 2.60 percent year-on-year in September of 2017, following a 3.24 percent increase in the prior month. The figure came in below market estimates of a 3.41 percent gain, mainly due to a slowdown in cost of food and fuel.

In September, cost of primary articles increased at a slower 0.15 percent (from 2.66 percent in August), mainly due to a 2.04 percent rise in cost of food (from 5.75 percent in a month earlier), namely vegetables (15.48 percent compared to 44.91 percent). Also, cost increased less for fuel and power (9.01 percent from 9.99 percent). Meantime, cost of manufactured products rose more than in a month earlier (2.72 percent from 2.45 percent)  

On a monthly basis, wholesale prices declined  by 0.4 percent, after a 0.8 percent gain in a month earlier.

Office of the Economic Adviser l Rida Husna |
10/16/2017 11:55:31 AM