Wholesale Prices: Other Wholesale Prices: Food: Total for India
WPOTFD01INA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.53
Year-over-Year Change
115.45%
Date Range
1/1/1995 - 1/1/2021
Summary
The 'Wholesale Prices: Other Wholesale Prices: Food: Total for India' metric tracks changes in wholesale food prices in India, providing insight into broader inflationary pressures and supply chain dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series measures the wholesale price index for food items in India, capturing both domestic and imported food products at the wholesale level. It is a key indicator used by policymakers and economists to monitor food inflation and assess the health of the Indian agricultural and food processing sectors.
Methodology
The data is collected through surveys of wholesale markets and producers by the Indian government's Office of the Economic Adviser.
Historical Context
Trends in this index are closely watched by the Reserve Bank of India and other institutions to help guide monetary and fiscal policy decisions.
Key Facts
- The index has a base year of 2011-12.
- Food accounts for over 24% of India's wholesale price index.
- Wholesale food prices rose 5.7% year-over-year as of the latest data.
FAQs
Q: What does this economic trend measure?
A: The 'Wholesale Prices: Other Wholesale Prices: Food: Total for India' metric tracks changes in wholesale food prices across India, including both domestically produced and imported food products.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide important insights into food inflation, agricultural production, and supply chain dynamics in India, which are crucial for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of wholesale markets and producers by the Indian government's Office of the Economic Adviser.
Q: How is this trend used in economic policy?
A: The Reserve Bank of India and other institutions closely monitor this index to help guide monetary and fiscal policy decisions aimed at managing inflation and supporting the agricultural sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Wholesale Prices: Other Wholesale Prices: Food: Total for India (WPOTFD01INA661N), retrieved from FRED.