Wholesale prices in India declined by 1.81 percent year-on-year in June 2020, compared with market expectations of a 2.4 percent fall and easing from a 3.21 percent drop a month earlier, as the cost of fuel and power decreased at a slower rate (-13.60 percent vs -19.83 percent in May). Meantime, food inflation picked up to 2.04 percent from 1.13 percent, led by potatoes (56.20 percent vs 52.25 percent), milk (4.05 percent vs 5.44 percent), cereals (2.72 percent vs 1.97 percent), pulses (10.10 percent vs 11.91 percent) and eggs, meat & fish (4.45 percent vs 1.94 percent), while prices dropped for vegetables (-9.21 percent vs -12.48 percent) and onion (-15.27 percent vs 6.26 percent). In addition, manufacturing cost rebounded 0.08 percent, from a 0.42 percent decline in May led by manufactured food products (5.05 percent vs 4.46 percent) and despite decreases in chemicals (-2.69 percent vs -3.92 percent), (-4.42 percent vs -5.84 percent) and textiles (-3.77 percent vs -2.76 percent).
Producer Prices Change in India averaged 6.90 percent from 1969 until 2020, 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 2020. source: Office of the Economic Advisor, India
Producer Prices Change in India is expected to be 3.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in India to stand at 2.50 in 12 months time. In the long-term, the India Wholesale Price Index Change is projected to trend around 4.50 percent in 2021, according to our econometric models.