India WPI Fuel and Power YoYMay 2023 Data - 1995-2022 Historical - June Forecast

Name: India WPI Fuel and Power YoY
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

India's wholesale fuel prices increased by 0.93 percent in April 2023 compared to the same month in the previous year, following an 8.96 percent rise in the previous month. It was the 26th straight month of inflation but the least in the sequence, due to softer rises in prices of both petrol (1.53% vs 6.48% in March) and HSD (1.42% vs 11.85%), amid a plunge in LPG (-10.49% vs 3.31%). source: Office of the Economic Advisor, India

WPI Fuel YoY in India averaged 7.95 percent from 1995 until 2023, reaching an all time high of 50.95 percent in June of 2022 and a record low of -25.57 percent in February of 2015. This page includes a chart with historical data for India WPI Fuel and Power YoY. India WPI Fuel and Power YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

WPI Fuel YoY in India is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India WPI Fuel and Power YoY is projected to trend around 7.50 percent in 2024 and 6.00 percent in 2025, according to our econometric models.

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India WPI Fuel and Power YoY

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).