Wholesale prices in India rose by 4.64 percent year-on-year in November 2018, slowing from a 5.28 percent gain in the prior month and slightly less than market estimates of 4.7 percent. It was the lowest wholesale inflation since August, as cost increased at a softer pace for fuel and manufactured products while prices of food declined further. On a monthly basis, wholesale prices increased by 0.1 percent, following a 0.7 percent rise in October. Producer Prices Change in India averaged 7.09 percent from 1969 until 2018, 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 5.00 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 4.30 in 12 months time. In the long-term, the India Wholesale Price Index Change is projected to trend around 5.90 percent in 2020, according to our econometric models.

India Wholesale Price Index Change
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-14 06:30 AM WPI Manufacturing YoY 4.21% 4.49%
2018-12-14 06:30 AM WPI Fuel YoY 16.28% 18.44%
2018-12-14 06:30 AM WPI Food YoY -3.31% -1.49%
2018-12-14 06:30 AM WPI Inflation YoY 4.64% 5.28% 4.7% 4.5%
2019-01-14 06:30 AM WPI Inflation YoY 5%
2019-01-14 06:30 AM WPI Fuel YoY 16.28%
2019-01-14 06:30 AM WPI Food YoY -3.31%



India November Wholesale Inflation Slows to 3-Month Low



Wholesale prices in India rose by 4.64 percent year-on-year in November 2018, slowing from a 5.28 percent gain in the prior month and slightly less than market estimates of 4.7 percent. It was the lowest wholesale inflation since August, as cost increased at a softer pace for fuel and manufactured products while prices of food declined further.

In November, cost went up at a slower rate for fuel & power (16.28 percent vs 18.44 percent in October) and manufactured products (4.21 percent vs 4.49 percent), amid lower prices of basic metals (12.44 percent vs 13.8 percent), food products (0.7 percent vs 1.01 percent), chemical & chemical products (7.47 percent vs 7.6 percent) and textiles (5.49 percent vs 5.59 percent). 

In addition, prices of primary articles rose less (0.88 percent vs 1.79 percent in a month earlier), as cost of food dropped further (-3.31 percent vs -1.49 percent), namely vegetables (-26.98 percent vs -18.65 percent) and onion (-47.6 percent vs -31.69 percent).

On a monthly basis, wholesale prices increased by 0.1 percent, following a 0.7 percent rise in October.


Office of the Economic Adviser l Rida | rida@tradingeconomics.com
12/14/2018 6:51:54 AM



India Prices Last Previous Highest Lowest Unit
Inflation Rate 2.33 3.38 12.17 1.54 percent [+]
Consumer Price Index CPI 140.80 140.70 140.80 86.81 Index Points [+]
GDP Deflator 128.80 125.10 146.50 100.00 Index Points [+]
Producer Prices 121.70 120.80 121.70 62.44 Index Points [+]
Producer Prices Change 4.64 5.28 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 -2.61 -0.86 14.72 -2.61 percent [+]
Inflation Rate Mom 0.07 0.29 2.25 -1.55 percent [+]
Cpi Housing Utilities 146.90 146.30 146.90 100.30 Index Points [+]
CPI Transportation 125.50 126.90 126.90 103.20 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.64 5.28 34.68 -11.31 1969 - 2018 percent Monthly




Country Last Previous
Argentina 79.60 Oct/18
Australia 2.10 Sep/18
Brazil 10.80 Nov/18
Canada 5.30 Oct/18
China 2.70 Nov/18
Euro Area 4.90 Oct/18
France 3.90 Oct/18
Germany 3.30 Oct/18
India 4.64 Nov/18
Indonesia 5.06 Nov/18
Italy 5.80 Oct/18
Japan 2.30 Nov/18
Mexico 6.51 Nov/18
Netherlands 4.89 Oct/18
Russia 16.90 Oct/18
Saudi Arabia 16.30 Oct/18
Singapore 12.40 Oct/18
South Africa 6.80 Nov/18
South Korea 2.20 Oct/18
Spain 4.50 Oct/18
Switzerland 1.40 Nov/18
Turkey 38.54 Nov/18
United Kingdom 3.30 Oct/18
United States 2.50 Nov/18


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