India Wholesale Inflation at 6-Month High of 3.59%


Wholesale prices in India rose 3.59 percent year-on-year in October of 2017, following a 2.60 percent increase in the prior month and above market estimates of a 3.01 percent gain. It was the highest wholesale inflation since April, due to a surge in cost of food and a faster rise in cost of fuel.

In October, cost of primary articles increased at a faster 3.33 percent (from 0.15 percent in September), mainly due to a 4.30 percent rise in cost of food (from 2.04 percent in a month earlier), namely vegetables (36.61 percent compared to 15.48 percent). Also, cost increased more for fuel and power (10.52 percent from 9.01 percent). Meantime, cost of manufactured products rose less than in a month earlier (2.62 percent from 2.72 percent)  

On a monthly basis, wholesale prices rose  by 1.0 percent, after a 0.4 percent decline in a month earlier.

India Wholesale Inflation at 6-Month High of 3.59%


Office of the Economic Adviser l Rida Husna | rida@tradingeconomics.com
11/14/2017 8:34:01 AM