India Wholesale Price Index Change  1969-2017 | Data | Chart | Calendar

Indian wholesale prices rose 3.39 percent year-on-year in December of 2016, following a 3.15 percent gain in November while markets expected a 3.50 percent rise. It was the ninth straight month of increase, mainly due to rising cost of manufactured products and petrol while prices of food fell. Producer Prices Change in India averaged 7.28 percent from 1969 until 2017, 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.

India Wholesale Price Index Change
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-01-16 06:30 AM Dec 3.67% 3.20%
2017-01-16 06:30 AM Dec -0.7% 1.54%
2017-01-16 06:30 AM Dec 8.65% 7.07%
2017-02-14 06:30 AM Jan 3.67% 3.01%
2017-02-14 06:30 AM Jan -0.7% 3.01%
2017-02-14 06:30 AM Jan 8.65% 3.01%




India WPI Rises at Faster Pace in December


Indian wholesale prices rose 3.39 percent year-on-year in December of 2016, following a 3.15 percent gain in November while markets expected a 3.50 percent rise. It was the ninth straight month of increase, mainly due to rising cost of manufactured products and petrol while prices of food fell for the first time since August 2015.

In December, food prices fell 0.70 percent from a year earlier, following a 1.54 percent  rise in the preceding month. Among food prices, onion recorded the largest drop (-37.20 percent), followed by vegetables (-33.11 percent). In contrast, prices went up for: potatoes (+26.42 percent), pulses (+18.12 percent), wheat (+12.82 percent), cereals (+7.49 percent), rice (+4.38 percent), milk (+4.11 percent); egg, meat & fish (+2.73 percent) and  fruits (+0.04 percent).

Cost of manufactured products increased by 3.67 percent, compared to a 3.20 percent rise in the previous month.

Petrol prices went up 8.52 percent year-on-year, following a 5.54 percent gain in November. Cost of diesel also increased by 20.25 percent,  compared to a 19.36 percent rise in a month earlier.

On a monthly basis, wholesale prices declined by 0.2 percent, compared to a 0.1 percent increase in November.

Office of the Economic Adviser | Rida Husna | rida@tradingeconomics.com
1/16/2017 11:05:57 AM



India Prices Last Previous Highest Lowest Unit
Inflation Rate 3.41 3.63 12.17 3.27 percent [+]
Consumer Price Index CPI 130.40 131.20 131.40 86.81 Index Points [+]
GDP Deflator 119.50 118.30 146.50 100.00 Index Points [+]
Producer Prices 182.80 183.10 185.90 97.50 Index Points [+]
Producer Prices Change 3.39 3.15 34.68 -11.31 percent [+]
Export Prices 300.00 312.00 312.00 100.00 Index Points [+]
Import Prices 518.00 518.00 518.00 100.00 Index Points [+]
Food Inflation 1.37 2.11 14.72 1.37 percent [+]
Cpi Transportation 116.00 115.70 116.00 103.20 Index Points [+]
Inflation Rate Mom -0.61 -0.15 1.77 -1.00 percent [+]



India Wholesale Price Index Change Notes

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 (20.1 percent of total weight), Fuel and Power (14.9 percent) and Manufactured Products (65 percent). Food Articles from the Primary Articles Group account for 14.3 percent of the total weight. The most important components of the Manufactured Products Group are Chemicals and Chemical products (12 percent of the total weight); Basic Metals, Alloys and Metal Products (10.8 percent); Machinery and Machine Tools (8.9 percent); Textiles (7.3 percent) and Transport, Equipment and Parts (5.2 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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.39 3.15 34.68 -11.31 1969 - 2016 percent Monthly



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