Producer Prices in India
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
FocusEconomics 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
|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||7.43||-0.04 %||Jan 14|
|Exchange Rate||70.76||-0.09 %||Jan 14|
|Stock Market||35,854||-0.08 %||Jan 14|
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January 14, 2019
In December, consumer prices rose fell 0.43% in December from the previous month, contrasting the 0.07% rise logged in November.
January 4, 2019
The composite Purchasing Managers’ Index (PMI) produced by Nikkei and IHS Market fell to 53.6 in December from 54.5 in November.
December 14, 2018
In November, consumer prices rose 0.07% in November from the previous month, contrasting the revised 0.36% rise in October (previously reported: +0.29% month-on-month).
December 14, 2018
Merchandise exports increased 0.8% in November compared to the same month a year earlier, down from the jump observed in October (+17.9% year-on-year) and less than market analysts’ expectations of 5.3%.
December 12, 2018
Annual industrial production increased 8.1% in October, up from 4.5% in September.