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

Indian wholesale prices rose 6.55 percent year-on-year in February of 2017, following a 5.25 percent gain in January while markets expected a 5.90 percent rise. It was the eleventh straight month of increase and the highest since November 2013, driven by a surge in prices of food while cost of manufactured products and petrol rose further. On a monthly basis, wholesale prices went up 0.5 percent, compared to a 1.0 percent rise in the prior month. 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)
2017-03-14 06:30 AM Feb 21.02% 18.14%
2017-03-14 06:30 AM Feb 2.69% -0.56%
2017-03-14 06:30 AM Feb 3.66% 3.99%
2017-04-14 06:30 AM Mar 6.55% 6.7%
2017-04-14 06:30 AM Mar 3.66% 6.87%
2017-04-14 06:30 AM Mar 21.02%




India WPI Rises The Most In Over 3 Years


Indian wholesale prices rose 6.55 percent year-on-year in February of 2017, following a 5.25 percent gain in January while markets expected a 5.90 percent rise. It was the eleventh straight month of increase and the highest since November 2013, driven by a surge in prices of food while cost of manufactured products and petrol rose further.

In February, food prices went up 2.69 percent from a year earlier, following a 0.56 percent drop in the preceding month. Among food prices, wheat recorded the largest increase (8.36 percent), followed by fruits (7.14 percent), cereals (6.09 percent), rice (4.40 percent) and milk (3.93 percent) and egg, meat & fish (3.79 percent). In contrast, cost fell for: onions (-18.85 percent), potatoes (-8.84 percent), vegetables (-8.05 percent) and pulses (-0.79 percent). 

Cost of manufactured products increased by 3.66 percent, compared to a 3.99 percent rise in the previous month.

Petrol prices rose 16.72 percent year-on-year, following a 18.14 percent gain in January. Cost of diesel also increased by 33.14 percent,  compared to a 31.10 percent rise in a month earlier.

 On a monthly basis, wholesale prices went up 0.5 percent, compared to a 1.0 percent rise in the prior month.

Office of the Economic Adviser | Rida Husna | rida@tradingeconomics.com
3/14/2017 11:29:58 AM



India Prices Last Previous Highest Lowest Unit
Inflation Rate 3.65 3.17 12.17 3.17 percent [+]
Consumer Price Index CPI 130.60 130.30 131.40 86.81 Index Points [+]
GDP Deflator 125.40 119.50 146.50 100.00 Index Points [+]
Producer Prices 185.50 184.60 185.90 97.50 Index Points [+]
Producer Prices Change 6.55 5.25 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 2.01 0.53 14.72 0.53 percent [+]
Cpi Transportation 117.40 117.10 117.40 103.20 Index Points [+]
Inflation Rate Mom 0.23 -0.08 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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
6.55 5.25 34.68 -11.31 1969 - 2017 percent Monthly



Last
Albania 0.90 Dec/16
Algeria 3.90 Sep/16
Angola 28.82 Feb/17
Argentina 11.53 Oct/15
Armenia 4.40 Feb/17
Australia 0.70 Dec/16
Austria 2.00 Jan/17
Azerbaijan -7.30 Jan/17
Belarus 9.40 Dec/16
Belgium 13.82 Jan/17
Bosnia And Herzegovina 0.50 Dec/16
Brazil 5.35 Feb/17
Bulgaria 4.30 Jan/17
Canada 2.30 Jan/17
Chile 8.70 Feb/17
China 7.80 Feb/17
Colombia 1.65 Feb/17
Czech Republic 3.10 Feb/17
Denmark 1.30 Dec/16
Ecuador -0.35 Jan/17
Egypt 37.25 Jan/17
Estonia 3.90 Feb/17
Euro Area 3.50 Jan/17
European Union 4.30 Jan/17
Fiji 2.00 Jun/16
Finland 5.30 Feb/17
France 1.70 Dec/16
Georgia 9.60 Feb/17
Germany 3.10 Feb/17
Ghana 5.40 Feb/17
Greece 9.70 Jan/17
Hong Kong 4.00 Dec/16
Hungary 2.20 Jan/17
Iceland -5.50 Feb/17
India 6.55 Feb/17
Indonesia 9.30 Jan/17
Ireland 2.40 Feb/17
Italy 2.50 Jan/17
Japan 1.00 Feb/17
Jordan 1.60 Jan/17
Kazakhstan 31.20 Feb/17
Kenya -0.50 Dec/16
Kosovo -0.10 Dec/16
Kyrgyzstan -0.50 Feb/17
Latvia 1.30 Feb/17
Lithuania 9.80 Feb/17
Macedonia 3.10 Jan/17
Malaysia 10.20 Jan/17
Malta -0.40 Feb/17
Moldova 2.60 Feb/17
Mongolia 70.90 Feb/17
Montenegro -0.30 Dec/16
Mozambique 34.60 Jun/16
Netherlands 8.57 Jan/17
Nicaragua -0.30 Nov/16
Norway 18.80 Feb/17
Oman -4.90 Dec/16
Pakistan 5.27 Feb/17
Palestine -1.12 Jan/17
Philippines 2.00 Jan/17
Poland 4.40 Feb/17
Portugal 4.00 Feb/17
Romania 2.60 Jan/17
Russia 15.10 Feb/17
Rwanda 6.60 Dec/16
Saudi Arabia 1.97 Dec/16
Singapore 15.30 Feb/17
Slovakia 6.70 Jan/17
Slovenia 1.90 Feb/17
South Africa 5.90 Jan/17
South Korea 4.20 Feb/17
Spain 7.30 Feb/17
Sri Lanka 8.40 Dec/16
Sweden 7.50 Feb/17
Switzerland 1.30 Feb/17
Taiwan 2.19 Feb/17
Tajikistan 10.50 Jan/17
Tunisia 1.80 Dec/16
Turkey 15.36 Feb/17
Uganda 2.40 Dec/16
Ukraine 35.80 Dec/16
United Kingdom 3.70 Feb/17
United States 2.20 Feb/17