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.

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India Wholesale Price Index Change


Calendar GMT Actual Previous Consensus TEForecast
2022-01-14 06:30 AM WPI Manufacturing YoY Dec 10.62% 11.92%
2022-01-14 06:30 AM WPI Food YoY Dec 9.24% 6.7%
2022-02-14 06:30 AM WPI Food YoY Jan 9.24%


Related Last Previous Unit Reference
Producer Prices 142.40 142.90 points Dec/21
Producer Prices Change 13.56 14.23 percent Dec/21

News Stream
India Wholesale Price Inflation Eases in December
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.
2022-01-14
India Producer Inflation Highest Since 1998
The annual wholesale price inflation rate in India rose to 14.23 percent in November 2021 from 12.54 percent in the previous month, beating market forecasts of 11.9 percent. This marked the highest figure since December 1998, as cost accelerated for fuel and power (39.81 percent vs 37.18 percent in October), primary articles (10.34 percent vs 5.20 percent), and food (3.70 percent vs 3.06 percent). Meanwhile, cost continued to rise for both manufactured products (11.92 percent vs 12.04 percent) and basic metals (29.06 percent vs 29.93 percent). On a monthly basis, wholesale prices increased by 2.73 percent in November, accelerating from a 2.28 percent rise in October.
2021-12-14
India Wholesale Price Inflation Highest in Near 23 Years
The annual wholesale price inflation rate in India rose to 12.54 percent in October 2021 from 10.66 percent in the previous month, exceeding market forecasts of 10.9 percent. This marked the highest figure since December 1998, as cost accelerated for fuel and power (37.18 percent vs 24.81 percent in September), primary articles (5.20 percent vs 4.1 percent), manufactured products (12.04 percent vs 11.41 percent), basic metals (29.93 percent vs 26.71 percent) and food (3.06 percent vs 1.14 percent). On a monthly basis, wholesale prices increased by 2.28 percent in October, reversing from a 0.15 percent drop in September.
2021-11-15

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 (64.2 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).