India Wholesale Price Index Change  1969-2017 | Data | Chart | Calendar

Indian wholesale prices rose 5.70 percent year-on-year in March of 2017, following a 6.55 percent gain in February and below market estimates of a 5.98 percent rise. A slowdown in cost of manufactured products offset a faster increase in cost of food and petrol. Producer Prices Change in India averaged 7.18 percent from 1969 until 2017, 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.

India Wholesale Price Index Change
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-05-12 11:30 AM Apr 3.85% 5.29% 4.8% 5.55%
2017-05-12 11:30 AM Apr 0.6% 3.12%
2017-05-12 11:30 AM Apr 18.5% 18.16%
2017-06-14 06:30 AM May 3.85% 6.8%
2017-06-14 06:30 AM May 0.6%
2017-06-14 06:30 AM May 18.5%




India Wholesale Inflation Below Expectations


Wholesale prices in India rose 3.85 percent year-on-year in April of 2017, following a downwardly revised 5.29 percent gain in March and well below market estimates of 4.8 percent. It is the lowest wholesale inflation in four months after the government revised the base year.

Year-on-year, biggest upward pressure came from cost of manufactured products (2.66 percent), primary articles (1.82 percent) and fuel and power (18.52 percent). 

On a monthly basis, wholesale prices declined 0.18 percent.

The base year was revised to 2011-12 from 2004-05, aiming to align it with the base year of other indicators like the GDP and the industrial production index. It is the sixth revision in the base year since the series began, changing the basket of commodities and assigning new weights: the number of items in the basket went up to 697 from 676; 199 new items were added and 146 old removed; prices will not include indirect taxes; a new food index will be compiled to capture the rate of inflation in food items. In addition, seasonality of fruits and vegetables has been updated to account for more months as these are now available for longer duration.

Office of the Economic Adviser | Joana Taborda | joana.taborda@tradingeconomics.com
5/12/2017 1:17:53 PM



India Prices Last Previous Highest Lowest Unit
Inflation Rate 2.99 3.81 12.17 2.99 percent [+]
Consumer Price Index CPI 131.10 130.80 131.40 86.81 Index Points [+]
GDP Deflator 125.40 119.50 146.50 100.00 Index Points [+]
Producer Prices 113.20 113.40 117.20 62.44 Index Points [+]
Producer Prices Change 3.85 5.30 34.68 -11.31 percent [+]
Export Prices 300.00 312.00 312.00 100.00 Index Points [+]
Import Prices 518.00 518.00 518.00 100.00 Index Points [+]
Food Inflation 0.31 1.93 14.72 0.31 percent [+]
Cpi Transportation 116.60 117.60 117.60 103.20 Index Points [+]
Inflation Rate Mom 0.15 0.15 1.77 -1.00 percent [+]


India Wholesale Price Index Change Notes

In India, the wholesale price index (WPI) is the main measure of inflation. The WPI measures the price of a representative basket of wholesale goods. In India, wholesale price index is divided into three groups: Fuel and Power (13.2 percent), Primary Articles (22.6 percent of total weight) and Manufactured Products (654.2 percent). Food Articles from the Primary Articles Group account for 15.2 percent of the total weight. The most important components of the Manufactured Products Group are Basic Metals (9.7 percent of total weight); Food products (9.1 percent); Chemicals and Chemical products (6.5 percent) and Textiles (4.9 percent). . 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 - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.85 5.30 34.68 -11.31 1969 - 2017 percent Monthly



producer prices change by Country

Last
Australia 1.30 Mar/17
Brazil 4.14 Mar/17
Canada 5.10 Mar/17
China 6.40 Apr/17
Euro Area 3.90 Mar/17
France 2.90 Mar/17
Germany 3.40 Apr/17
India 3.85 Apr/17
Indonesia 8.30 Mar/17
Italy 3.10 Mar/17
Japan 2.10 Apr/17
Netherlands 9.18 Mar/17
Russia 7.60 Apr/17
South Korea 4.00 Apr/17
Spain 5.90 Apr/17
Switzerland 0.80 Apr/17
Turkey 16.37 Apr/17
United Kingdom 3.60 Apr/17
United States 2.50 Apr/17