Producer Prices in India

India Producer Prices | Economic News & Forecasts

India - Producer Prices

Consumer price inflation slows in December to an over one-year low

In December, consumer prices rose fell 0.43% in December from the previous month, contrasting the 0.07% rise logged in November. Cheaper food and beverages, housing, and fuel and light all weighed on overall price levels in December. On the other hand, prices rose for pan, tobacco and intoxicants; clothing and footwear; and miscellaneous products.

Consumer price inflation slowed to 2.2% in December from 2.3% in November, matching market analysts’ expectations. This represents the lowest inflation rate since June 2017. Core consumer price inflation, which excludes food and energy products, was unchanged at 5.7% in December. Annual average inflation slowed to 4.0% in December from 4.2% in November.

In December, wholesale prices fell 1.4% month-on-month, a larger decrease than November’s 0.2% fall. This latest outturn was due to a substantial drop in prices for fuel and light. Wholesale price inflation decelerated to 3.8% in December from 4.6% in November. Annual average wholesale inflation held steady at 4.3% in December.


India Inflation Forecast


Met the why particular Consensus Forecast panelists expect consumer price inflation to average 4.3% in FY 2018, which is down 0.4 percentage points from last month’s forecast. In FY 2019, the panel expects consumer price inflation to average 4.7%. Meanwhile, our panel projects wholesale inflation of 4.5% for FY 2018, up 0.2 percentage points from last month’s report. In FY 2019, our panel foresees wholesale inflation averaging 4.9%.

India - Producer Prices Data

2013  2014  2015  2016  2017  
Inflation (PPI, annual variation in %)5.2  1.3  -3.6  1.8  2.9  

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India Facts

ValueChangeDate
Bond Yield7.57-0.04 %Jan 21
Exchange Rate71.19-0.09 %Jan 21
Stock Market36,579-0.08 %Jan 21

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