India Producer Prices Change

Last Release

Dec 31, 2024

Actual

2.37

Units In

1.89

Frequency

Monthly

Next Release

Feb 14, 2025

Time to Release

29 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
34.68 Sep 1974	-11.31 May 1976	6.78 %	1969-2024	N/A

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: Fuel and Power (13.2 percent), Primary Articles (22.6 percent of total weight) and Manufactured Products (64.2 percent). Food Articles from the Primary Articles Group account for 15.2 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).

Latest Updates

India’s wholesale prices increased by 2.37% yoy in December 2024, accelerating from a 1.89% rise in November, slightly above forecasts of a 2.30% gain. This marks the 14th consecutive month of wholesale inflation and the fastest pace since June, due to faster rises in manufacturing prices amid a softer fall in fuel prices. Primary articles saw faster growth (6.02% vs 5.49% in November), and manufacturing prices accelerated to a 23-month high (2.14% vs 2.00%), mainly driven by faster increases in food products (9.68% vs 9.44%), textiles (2.39% vs 1.27%), and wearing apparel (1.65% vs 1.59%). Meanwhile, food prices slightly moderated (8.89% vs 8.92%). Simultaneously, fuel & power prices fell much softer after falling the most since August 2023 in November (-3.79% vs -5.83%), attributed to smaller drops in petrol (-5.09% vs -6.83%) and HSD (-4.30% vs -5.68%). Monthly, wholesale prices were down 0.38%, the 2nd straight month of decline, following an upwardly revised 0.45% fall in November.