The annual wholesale price inflation rate in India edged up to 15.88 percent in May 2022 from 15.08 percent month earlier and above market forecasts of 15.1 percent. This was the highest reading since November 1998, amid a broad-based price increase due to disruption in global supply chains caused by Russia-Ukraine conflict. Prices continued to rise for manufactured products (10.11 percent vs 10.85 percent in April), basic metals (18.88 percent vs 24.81 percent), fuel and power (40.63 percent vs 38.66 percent), and primary articles (19.71 percent vs 15.45 percent) with cost of food quickening (12.34 percent vs 8.35 percent). On a monthly basis, wholesale prices increased by 1.38 percent in May, after a marginally revised 2.11 percent gain in April. source: Office of the Economic Advisor, India
Producer Prices Change in India averaged 6.97 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 June of 2022.
Producer Prices Change in India is expected to be 16.90 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 7.00 percent in 2023 and 4.50 percent in 2024, according to our econometric models.