India's wholesale prices declined by 0.92 percent year-on-year in April 2022, compared with market estimates of a 0.2 percent fall and after a 1.34 percent rise in the prior month. This was the first wholesale price deflation since July 2020, amid a further drop in cost of manufacturing (-2.42% vs -0.77% in March), mainly basic metals (-9.8% vs -7.11%). At the same time, cost of fuel & power rose much softer (0.93% vs 8.96% in March). Prices of primary articles also eased (1.6%vs 2.40%), owing to a slowdown in cost of food (3.54% vs 5.48%). On a monthly basis, wholesale prices were unchanged in April, the same pace as in March. source: Office of the Economic Advisor, India

Producer Prices Change in India averaged 6.98 percent from 1969 until 2023, 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 2023.

Producer Prices Change in India is expected to be 3.00 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 3.90 percent in 2024 and 5.50 percent in 2025, according to our econometric models.

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India Wholesale Price Index Change



Calendar GMT Actual Previous Consensus TEForecast
2023-04-17 06:30 AM Mar 1.34% 3.85% 1.87% 2%
2023-05-15 06:30 AM Apr -0.92% 1.34% -0.2% -0.3%
2023-06-14 06:30 AM May -0.92% -1.3%


Related Last Previous Unit Reference
Producer Prices 150.90 150.90 points Apr 2023
Producer Prices Change -0.92 1.34 percent Apr 2023

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: Primary Articles (22.6 percent of total weight); Fuel and Power (13.2 percent); and Manufactured Products (64.2 percent). The Food Index from the Primary Articles and Manufactured Products groups accounts for 24.4 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). Within the Primary Articles group, the most important component is Food Articles (15.3 percent), while within Fuel and Power, the most important category is HSD (3.1 percent).
Actual Previous Highest Lowest Dates Unit Frequency
-0.92 1.34 34.68 -11.31 1969 - 2023 percent Monthly

News Stream
India Wholesale Prices Fall More than Estimated
India's wholesale prices declined by 0.92 percent year-on-year in April 2022, compared with market estimates of a 0.2 percent fall and after a 1.34 percent rise in the prior month. This was the first wholesale price deflation since July 2020, amid a further drop in cost of manufacturing (-2.42% vs -0.77% in March), mainly basic metals (-9.8% vs -7.11%). At the same time, cost of fuel & power rose much softer (0.93% vs 8.96% in March). Prices of primary articles also eased (1.6%vs 2.40%), owing to a slowdown in cost of food (3.54% vs 5.48%). On a monthly basis, wholesale prices were unchanged in April, the same pace as in March.
2023-05-15
India Wholesale Inflation at Near 2-1/2-Year Low
India's annual wholesale price inflation rate declined for the tenth consecutive month to 1.34% in March 2023, the lowest since October 2020, compared to 3.85% in the prior period and market forecasts of 1.87%. Cost grew at a slower pace for fuel & power (8.96% vs 14.82% in February), fell for manufacturing for the first time since May 2020 (-0.77% vs 1.94%), and shrunk at a faster pace for basic metals (-7.11% vs -0.2%). Also, prices of primary articles eased (2.40% vs 3.28%), despite a quicker rise in the cost of food (5.48% vs 3.81%). On a monthly basis, wholesale prices were unchanged after edging up 0.2% in February.
2023-04-17
India Wholesale Inflation at 25-Month Low
India's annual wholesale price inflation rate fell to 3.85% in February 2023 from 4.73% in the prior month, marking the lowest reading since January 2021. The figure also came below market forecasts of 4%, with cost easing for both fuel & power (14.82% vs 15.15% in January) and manufacturing (1.94% vs 2.99%). Also, prices of primary articles slowed (3.28% vs 3.88%), despite a faster rise in the cost of food (3.81% vs 2.38%). By contrast, prices of basic metals declined 0.2%, following a 1.33% increase in January. On a monthly basis, wholesale prices grew 0.2% after edging up 0.07% in January.
2023-03-14