India Wholesale Price Index y/y

Country:
India
INR, Indian rupee
Sector:
Prices
Medium 11.39% 10.59%
11.16%
Last release Importance Actual Forecast
Previous
13.69%
11.39%
Next release Actual Forecast
Previous
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The Wholesale Price Index (WPI) y/y reflects a change in wholesale prices for goods and services in the reported month compared to the same month a year ago. The index is calculated monthly to measure inflation.

Currently, the consumer basket includes 697 goods and services. The basket is divided into three groups: Primary Articles (food, minerals, crude oil and natural gas), Fuel and Power (coal, mineral oil, energy) and Manufactured Products. Different weights are given to these groups, reflecting their importance for the Indian economy. These are 22.62, 13.15 and 64.23 respectively.

The index deals with actual prices which wholesale buyers pay during the transaction. Source data is collected from different resource, including ministries and departments, as well as public and private companies. Components are calculated relative to a reference period, which is currently set for 2011-2012.

The index is considered a leading indicator of consumer inflation, because changes in wholesale prices lead to changes in retail prices received by end consumers. Also, various agencies may use the information on changes in wholesale prices for indexation and revision of payments. The rising index value indicates a near-term increase in retail prices and in consumer spending, which may have a positive impact on Indian rupee quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "India Wholesale Price Index y/y" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Aug 2021
11.39%
10.59%
11.16%
Jul 2021
11.16%
9.82%
12.07%
Jun 2021
12.07%
12.04%
12.94%
May 2021
12.94%
12.18%
10.49%
Apr 2021
10.49%
9.49%
7.39%
Mar 2021
7.39%
6.26%
4.17%
Feb 2021
4.17%
1.52%
2.03%
Jan 2021
2.03%
1.14%
1.22%
Dec 2020
1.22%
1.68%
1.55%
Nov 2020
1.55%
0.41%
1.48%
Oct 2020
1.48%
0.96%
1.32%
Sep 2020
1.32%
0.33%
0.16%
Aug 2020
0.16%
1.66%
-0.58%
Jul 2020
-0.58%
-0.04%
-1.81%
Jun 2020
-1.81%
-4.91%
-3.21%
May 2020
-3.21%
-0.14%
1.00%
Mar 2020
1.00%
0.31%
2.26%
Feb 2020
2.26%
3.19%
3.10%
Jan 2020
3.10%
4.49%
2.59%
Dec 2019
2.59%
0.58%
Nov 2019
0.58%
0.16%
Oct 2019
0.16%
0.33%
Sep 2019
0.33%
1.08%
Aug 2019
1.08%
1.08%
Jul 2019
1.08%
2.02%
Jun 2019
2.02%
2.45%
May 2019
2.45%
3.07%
Apr 2019
3.07%
3.18%
Mar 2019
3.18%
2.93%
Feb 2019
2.93%
2.76%
Jan 2019
2.76%
3.80%
Dec 2018
3.80%
4.64%
Nov 2018
4.64%
5.28%
Oct 2018
5.28%
5.13%
Sep 2018
5.13%
4.53%
Aug 2018
4.53%
5.09%
Jul 2018
5.09%
5.77%
Jun 2018
5.77%
4.43%
May 2018
4.43%
3.18%
Apr 2018
3.18%
2.47%
Mar 2018
2.47%
2.48%
Feb 2018
2.48%
2.84%
Jan 2018
2.84%
3.58%
Dec 2017
3.58%
3.93%
Nov 2017
3.93%
3.59%
Oct 2017
3.59%
2.60%
Sep 2017
2.60%
3.24%
Aug 2017
3.24%
1.88%
Jul 2017
1.88%
0.90%
Jun 2017
0.90%
2.17%

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