Wholesale prices in India rose by 2.93 percent year-on-year in February 2019, accelerating from a 2.76 percent rise in the prior month. The latest reading was above market estimates of 2.88 percent, mainly driven by a faster rise in cost of food and fuel. On a monthly basis, wholesale prices went up by 0.3 percent in February, following a 0.7 percent decrease in January. Producer Prices Change in India averaged 7.05 percent from 1969 until 2019, 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.

Producer Prices Change in India is expected to be 3.90 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 5.00 in 12 months time. In the long-term, the India Wholesale Price Index Change is projected to trend around 5.10 percent in 2020, according to our econometric models.

India Wholesale Price Index Change
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-14 06:30 AM WPI Fuel YoY 2.23% 1.85%
2019-03-14 06:30 AM WPI Food YoY 4.28% 2.34%
2019-03-14 06:30 AM WPI Manufacturing YoY 2.25% 2.61%
2019-03-14 06:30 AM WPI Inflation YoY 2.93% 2.76% 2.88% 3.1%
2019-04-15 06:30 AM WPI Inflation YoY 2.93% 3.9%
2019-05-14 06:30 AM WPI Manufacturing YoY
2019-05-14 06:30 AM WPI Fuel YoY



India Wholesale Inflation Rises More than Expected

Wholesale prices in India rose by 2.93 percent year-on-year in February 2019, accelerating from a 2.76 percent rise in the prior month. The latest reading was above market estimates of 2.88 percent, mainly driven by a faster rise in cost of food and fuel.

In February 2019, cost of primary articles rose 4.84 percent, faster than a 3.54 percent in a month earlier, namely cereals (9.76 percent vs 7.95 percent); wheat (12.29 percent vs 9.94 percent) and pulses or grain legumes (10.88 percent vs 7.55 percent). In addition, prices of food articles went up by 4.28 percent in February, after increasing 2.34 percent in January. Also, cost of fuel increased by 2.23 percent, following a 1.85 percent gain in a month earlier.

Meanwhile, cost of manufactured products advanced 2.25 percent, slowing from a 2.61 percent rise in January, as prices rose less for basic metals (1.56 percent vs 3.57 percent), chemical & chemical products (3.82 percent vs 4.47 percent) and textiles (4.57 percent vs 4.85 percent). 

On a monthly basis, wholesale prices went up by 0.25 percent in February, rebounding from a 0.75 percent decrease in the prior month.


Office of the Economic Advisor l Rida Husna | rida@tradingeconomics.com
3/14/2019 9:14:04 AM



India Prices Last Previous Highest Lowest Unit
Inflation Rate 2.57 1.97 12.17 1.54 percent [+]
Consumer Price Index CPI 139.60 139.90 140.80 86.81 Index Points [+]
GDP Deflator 135.10 128.80 146.50 100.00 Index Points [+]
Producer Prices 119.50 119.20 121.80 62.44 Index Points [+]
Producer Prices Change 2.93 2.76 34.68 -11.31 percent [+]
Export Prices 376.00 372.00 376.00 100.00 Index Points [+]
Import Prices 513.00 523.00 523.00 100.00 Index Points [+]
Food Inflation -0.66 -2.17 14.72 -2.61 percent [+]
Inflation Expectations 8.50 9.80 16.00 8.00 percent [+]
Inflation Rate Mom 0.21 -0.14 2.25 -1.55 percent [+]
Cpi Housing Utilities 148.50 147.70 148.50 100.30 Index Points [+]
CPI Transportation 123.90 123.30 126.90 103.20 Index Points [+]


India Wholesale Price Index Change

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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.93 2.76 34.68 -11.31 1969 - 2019 percent Monthly




Country Last Previous
Argentina 68.30 Jan/19
Australia 2.00 Dec/18
Brazil 7.90 Jan/19
Canada 1.00 Jan/19
China 0.10 Feb/19
Euro Area 3.00 Jan/19
France 1.40 Jan/19
Germany 2.60 Feb/19
India 2.93 Feb/19
Indonesia 3.19 Jan/19
Italy 3.40 Jan/19
Japan 0.80 Feb/19
Mexico 4.52 Feb/19
Netherlands 1.35 Jan/19
Russia 9.00 Feb/19
Saudi Arabia -0.60 Jan/19
Singapore -1.90 Jan/19
South Africa 4.10 Jan/19
South Korea -0.20 Feb/19
Spain 1.90 Feb/19
Switzerland -0.70 Feb/19
Turkey 29.59 Feb/19
United Kingdom 2.20 Feb/19
United States 1.90 Feb/19


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