The annual wholesale price inflation rate in India inched down to 13.56 percent in December 2021 from 14.23 percent in the previous month, which was the highest in more than a decade, and compared with market forecasts of 13.5 percent. Cost slowed for fuel and power (32.30 percent vs 39.81 percent in November), manufactured products (10.62 percent vs 11.92 percent), and basic metals (22.19 percent vs 29.06 percent). Meanwhile, inflation quickened for primary articles (13.38 percent vs 10.34 percent), with prices of food articles jumping sharply (9.56 percent vs 3.7 percent). On a monthly basis, wholesale prices were down 0.35 percent in December, reversing from a 1.56 percent rise in November. source: Office of the Economic Advisor, India
Producer Prices Change in India averaged 6.91 percent from 1969 until 2022, 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 January of 2022.
Producer Prices Change in India is expected to be 11.00 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 4.00 percent in 2023 and 4.50 percent in 2024, according to our econometric models.