India’s wholesale inflation, measured by the Wholesale Price Index (WPI), eased to 0.85% in April 2025, marking its lowest level in 13 months, according to data released by the Ministry of Commerce and Industry on Tuesday. The decline was primarily driven by falling prices in fuel, power, and primary articles.
The WPI inflation stood at 2.05% in March and 2.45% in February 2025. On a month-over-month basis, the index fell 0.19% in April.
Key highlights:
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Fuel & Power group index declined sharply by 2.82% MoM, with notable price drops in petrol (-3.62%), diesel (-3.26%), and LPG (-2.26%).
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Primary articles inflation turned negative at -1.44% YoY, with steep declines in vegetables (-18.26%) and pulses (-5.57%).
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Manufactured products, which hold the highest weight (64.23%), registered 2.62% YoY inflation, supported by categories like chemicals and machinery.
The Food Index inflation also moderated to 2.55% in April from 4.66% in March, as vegetable prices dropped 18.26% year-on-year and potatoes fell by over 24%.
The data indicates broad-based softening in price pressures across key inputs, with crude petroleum, fuel, and food items continuing to trend lower. This decline in wholesale inflation aligns with retail inflation trends and may influence future monetary policy considerations.