The annual wholesale price inflation rate in India fell to 13.93 percent in July 2022 from 15.18 percent in the prior month and less than market estimates of 14.2 percent. This was the lowest reading since February, amid a slowdown in prices of both manufactured products (8.16 percent vs 9.19 percent in June) and basic metals (11.12 percent vs 12.09 percent). Also, prices of primary articles moderated further (15.04 percent vs 19.22 percent) amid a marked slowdown in cost of food (10.77 percent vs 14.39 percent). Meantime, inflation of fuel and power accelerated (43.75 percent vs 40.38 percent). On a monthly basis, wholesale prices fell 0.13 percent in July, after a revised 0.65 percent drop in June. source: Office of the Economic Advisor, India
Producer Prices Change in India averaged 6.98 percent from 1969 until 2022, reaching an all time high of 34.68 percent in September of 1974 and a record low of -11.31 percent in May of 1976. This page provides the latest reported value for - India Wholesale Price Index Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. India Wholesale Price Index Change - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Producer Prices Change in India is expected to be 14.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Wholesale Price Index Change is projected to trend around 7.00 percent in 2023 and 4.50 percent in 2024, according to our econometric models.