Producer Prices in India
India - Producer Prices
Consumer price inflation decelerates in July
In July, consumer prices rose 0.91% compared to the previous month, up from June’s 0.63% increase, partly due to higher prices for food and beverages, which more than outweighed a decrease in energy prices.
Consumer price inflation decelerated to 3.1% in July from 3.2% in June. Lower prices for energy weighed on inflation in July. Inflation therefore remains below the midpoint of the Reserve Bank of India’s (RBI) target range of 2.0%–6.0%.
Wholesale prices decreased 0.25% in July compared to the previous month, down from the revised 0.08% drop in June (previously reported: +0.25% month-on-month). July’s decrease was primarily due to lower prices for fuel and energy. Wholesale price inflation decelerated to 1.1% in July, down from 2.0% in June.
FocusEconomics Consensus Forecast panelists expect consumer price inflation to average 3.8% in FY 2019, which is down 0.1 percentage points from last month’s forecast. In FY 2020, the panel expects consumer price inflation to average 4.4%. Meanwhile, our panel projects wholesale inflation of 3.7% for FY 2019, up 0.1 percentage points from last month’s report. In FY 2020, our panel foresees wholesale inflation averaging 3.9%.
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||6.37||-0.04 %||Jul 31|
|Exchange Rate||68.88||-0.09 %||Jul 31|
|Stock Market||37,481||-0.08 %||Jul 31|
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August 14, 2019
Merchandise exports increased 2.3% year-on-year in July to reach USD 26.3 billion, contrasting the 9.7% decrease in June.
August 14, 2019
In July, consumer prices rose 0.91% compared to the previous month, up from June’s 0.63% increase, partly due to higher prices for food and beverages, which more than outweighed a decrease in energy prices. Consumer price inflation decelerated to 3.1% in July from 3.2% in June.
August 9, 2019
Industrial production increased 2.0% in annual terms in June, down from May’s revised 4.6% increase (previously reported: +3.1% year-on-year) and marking the lowest reading since February. In terms of sectors, growth in June was weighed on by weaker readings in the manufacturing and mining sectors.
August 7, 2019
The Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) cut all monetary policy rates by 0.35 percentage points at its 5–7 August meeting, reducing the repo rate to 5.40%, the marginal standing facility to 5.65% and the reverse repurchase rate to 5.15%.
August 5, 2019
The composite Purchasing Managers’ Index (PMI) produced by Nikkei and IHS Market rose to 53.9 in July from 50.8 in June, representing the highest reading since November 2018.