Producer Prices in India
India - Producer Prices
Inflation reaches a five-month high in June
In June, consumer prices rose 0.58% from the previous month—more than the 0.51% rise recorded in May and representing the largest increase since November 2017. Higher prices for food and beverages drove the increase in June. Moreover, prices for pan, tobacco and intoxicants; clothing and footwear; and fuel and light also rose. On the other hand, prices fell for housing.
Inflation accelerated for the third consecutive month in June, hitting 5.0%, a five-month high. This was up from May’s 4.9%. Inflation was supported by higher prices across all major categories of goods and services in June compared to the same month in 2017. It was particularly driven by higher prices for pan, tobacco and intoxicants; housing; and fuel and light. Core inflation, which excludes food and energy products, picked up to 6.6% in June from 6.3% in May. This was partly due to a low base effect.
The wholesale price index (WPI) rose 1.11% from the prior month in June, more than the 0.94% increase in May. Wholesale inflation, meanwhile, accelerated in June and came in at 5.8%, up from 4.4% in May. The acceleration was driven by high fuel and energy prices and resulted in the highest inflation rate since December 2013. Annual average wholesale inflation accelerated to 3.5% in June from 3.1% in May.
India Inflation Forecast
Met the why particular Consensus Forecast panelists expect consumer price inflation to average 4.9% in FY 2018, which is unchanged from last month’s forecast. In FY 2019, the panel expects consumer price inflation to average 4.6%. Meanwhile, our panel projects wholesale inflation of 3.8% for FY 2018, down 0.2 percentage points from last month’s report. In FY 2019, our panel foresees wholesale inflation averaging 3.4%.
India - Producer Prices Data
|Inflation (PPI, annual variation in %)||5.2||1.3||-3.6||1.8||2.9|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||7.79||-0.04 %||Jul 13|
|Exchange Rate||68.50||-0.09 %||Jul 13|
|Stock Market||36,542||-0.08 %||Jul 13|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
July 16, 2018
In June, consumer prices rose 0.58% from the previous month—more than the 0.51% rise recorded in May and representing the largest increase since November 2017.
July 13, 2018
In June, merchandise exports expanded 17.6% compared to the same month last year, down slightly from the 20.2% expansion recorded in May and totaling USD 27.7 billion.
July 12, 2018
Annual industrial production growth decelerated to 3.2% in May from April’s revised 4.8% (previously reported: +4.9% year-on-year), undershooting market analysts’ expectations of 4.4% and representing a seven-month low.
July 4, 2018
The composite Purchasing Manager’s Index (PMI), produced by Nikkei and IHS Market, rose to 53.3 in June from 50.4 in May.
June 15, 2018
In May, merchandise exports expanded 20.2% compared to the same month last year, up from the 5.2% expansion recorded in April and totaling USD 28.9 billion.