India’s wholesale prices rose by 2.36% yoy in October 2024, after a 1.84% gain in September, outpacing forecasts of a 2.2% gain. This marks the 12th consecutive month of wholesale inflation and the fastest pace since June, driven by significant rises in food prices and a three-month high in manufacturing prices. Primary articles saw faster growth (8.09% vs 6.59% in September), while food prices registered the highest increase since June 2022 (11.59% vs 9.47%), mainly due to a sharp rise in the prices of vegetables (63.04%), potatoes (78.73%), and onions (39.25%). Meanwhile, manufacturing prices accelerated to a three-month high (1.50% vs. 1%), mainly driven by faster rises in food products (7.77% vs 5.49%) and rubber & plastic products (1.57% vs. 0.78%). In contrast, fuel & power prices fell the most since August 2023 (-5.79% vs -4.05%), attributed to drops in petrol (-7.35%) and HSD (-6.23%). Monthly, wholesale prices climbed 0.97%, after an upwardly revised 0.13% rise in September. source: Office of the Economic Advisor, India

Producer Prices in India increased 2.36 percent in October of 2024 over the same month in the previous year. Producer Prices Change in India averaged 6.80 percent from 1969 until 2024, 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 December of 2024.

Producer Prices in India increased 2.36 percent in October of 2024 over the same month in the previous year. Producer Prices Change in India is expected to be 1.90 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 3.50 percent in 2025 and 3.00 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-10-14 06:30 AM
WPI Inflation YoY
Sep 1.84% 1.31% 1.9% 2.0%
2024-11-14 06:30 AM
WPI Inflation YoY
Oct 2.36% 1.84% 2.2% 2.0%
2024-12-16 06:30 AM
WPI Inflation YoY
Nov 2.36% 2.20% 2.5%

Components Last Previous Unit Reference
WPI Food Index YoY 11.59 9.47 percent Oct 2024

Related Last Previous Unit Reference
Producer Price Inflation MoM 0.97 0.13 percent Oct 2024
Producer Prices 156.10 154.60 points Oct 2024
WPI Inflation YoY 2.36 1.84 percent Oct 2024
WPI Fuel YoY -5.79 -4.05 percent Oct 2024
WPI Manufacturing YoY 1.50 1.00 percent Oct 2024

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: Primary Articles (22.6 percent of total weight); Fuel and Power (13.2 percent); and Manufactured Products (64.2 percent). The Food Index from the Primary Articles and Manufactured Products groups accounts for 24.4 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). Within the Primary Articles group, the most important component is Food Articles (15.3 percent), while within Fuel and Power, the most important category is HSD (3.1 percent).
Actual Previous Highest Lowest Dates Unit Frequency
2.36 1.84 34.68 -11.31 1969 - 2024 percent Monthly


News Stream
India Wholesale Inflation Hits 4-Month High
India’s wholesale prices rose by 2.36% yoy in October 2024, after a 1.84% gain in September, outpacing forecasts of a 2.2% gain. This marks the 12th consecutive month of wholesale inflation and the fastest pace since June, driven by significant rises in food prices and a three-month high in manufacturing prices. Primary articles saw faster growth (8.09% vs 6.59% in September), while food prices registered the highest increase since June 2022 (11.59% vs 9.47%), mainly due to a sharp rise in the prices of vegetables (63.04%), potatoes (78.73%), and onions (39.25%). Meanwhile, manufacturing prices accelerated to a three-month high (1.50% vs. 1%), mainly driven by faster rises in food products (7.77% vs 5.49%) and rubber & plastic products (1.57% vs. 0.78%). In contrast, fuel & power prices fell the most since August 2023 (-5.79% vs -4.05%), attributed to drops in petrol (-7.35%) and HSD (-6.23%). Monthly, wholesale prices climbed 0.97%, after an upwardly revised 0.13% rise in September.
2024-11-14
India Wholesale Inflation Accelerates from 4-Month Low
India’s wholesale prices increased by 1.84% year-on-year in September 2024, accelerating from a four-month low of a 1.31% rise in the previous month, but slightly below market forecasts of a 1.9% gain. It marked the 11th consecutive month of wholesale inflation, with primary articles rising at a faster pace (6.59% vs 2.42% in August) while food prices advanced the most since August 2022 (9.47% vs 3.26%), mainly boosted by a sharp rise in vegetable prices (48.73%), potato (78.13%), and onion (78.82%). Meanwhile, manufacturing prices moderated to a four-month low (1% vs 1.22%), due mainly to softer rises in pharmaceuticals and medical chemicals (1.47% vs 1.97%) and wood and products of wood and cork (1.57% vs 3.17%). By contrast, fuel & power prices dropped the most in 10 months (-4.05% vs -0.67%), amid a faster fall in prices of petrol (-7.47% vs -4.23%) and HSD (-5.33% vs -3.03%). Monthly, wholesale prices edged up 0.06%, after an upwardly revised 0.52% decline in August.
2024-10-14
India Wholesale Inflation at 4-Month Low
India’s wholesale prices increased by 1.31% year-on-year in August 2024, easing from a 2.04% gain in July, below forecasts of a 1.80% rise. It marked the 10th consecutive period of wholesale inflation but the softest pace since April, with manufacturing and food prices rising the least in three and ten months each, while fuel prices fell for the first time in five months. Primary articles (2.42% vs 3.08% in July) and food index (3.26% vs 3.55%) rose softer due to a slump in vegetable prices (-10.01% vs -8.93% in July). Meanwhile, manufacturing prices advanced less (1.22% vs 1.58%), marking the lowest since May, due to softer rises in pharmaceuticals and medical chemicals (1.97% vs 2.05%) and wood and products of wood and cork (3.17% vs 3.53%). Simultaneously, fuel and power prices fell for the first time in five months (-0.67% vs 1.72%), dragged down by petrol (-4.23%) and HSD (-3.03%). Monthly, wholesale prices dropped 0.45%, reversing from a downwardly revised 0.78% rise in July.
2024-09-17