India Wholesale Price Index

Data Prices

Source: Office of the Economic Advisor, India
Source Link: https://eaindustry.nic.in/
Frequency: Monthly
Next Release(s): March 16th, 2026 1:30 AM

Latest Updates

India’s WPI rose +0.51% MoM and +1.81% YoY (vs +1.25% YoY expected) in January 2026, extending the shift into positive wholesale inflation.
- All commodities index increased to 157.8 (from 157.0 in December), with YoY inflation +1.81% after +0.83% in December, indicating strengthening wholesale price momentum.
- Primary Articles fell -0.15% MoM but were +2.21% YoY, as food articles (-1.79% MoM) and minerals (-0.47%) declined while non food articles (+5.32%) and crude petroleum & gas (+4.27%) rose, showing mixed commodity pressures.
- Fuel & Power declined -1.62% MoM and remained in deflation at -4.01% YoY, driven by electricity (-2.91% MoM) and mineral oils (-1.68%), offset partly by coal (+0.73%).
- Manufactured Products increased +1.30% MoM and +2.86% YoY, with 19 of 22 manufacturing groups rising, indicating broad based factory price strength.
- WPI Food Index fell -0.92% MoM to 194.2 but inflation rose to +1.41% YoY, showing monthly easing alongside improving annual food pricing.
- The recent trend shows WPI inflation moving from -0.13% YoY in November to +0.83% in December and +1.81% in January, confirming a steady recovery in wholesale inflation.
India’s Wholesale Price Index (WPI) rose +0.71% MoM in December 2025 and turned positive at +0.83% YoY, marking a shift out of recent wholesale deflation.
- All-commodities WPI increased to 157.0 in December (from 155.9 in November), with YoY inflation improving to +0.83% (from -0.32%), which the release attributed mainly to firmer prices in manufacturing-related categories including machinery/equipment, food products, textiles, and minerals.
- Primary Articles rose +1.09% MoM (index 194.2 from 192.1) and moved to +0.21% YoY (from -2.93%), reflecting higher prices for non-food articles (+2.76% MoM), minerals (+1.62%), and food articles (+0.88%), while crude petroleum & natural gas fell -0.45% MoM.
- Fuel & Power increased +1.23% MoM (index 148.3 from 146.5) but remained in deflation at -2.31% YoY, with gains driven by electricity (+4.46% MoM), coal (+0.66%), and mineral oils (+0.07%).
- Manufactured Products rose +0.41% MoM (index 145.6 from 145.0) and inflation strengthened to +1.82% YoY (from +1.33%), as 13 of 22 manufacturing groups posted price increases, 8 declined, and 1 was unchanged.
- Within manufacturing, notable MoM price gains were reported in other manufacturing, basic metals, chemicals, textiles, and other non-metallic mineral products, while declines were seen in rubber & plastics, computer/electronic/optical products, paper products, beverages, and food products.
- The WPI Food Index rose +0.51% MoM to 196.0 (from 195.0) and its YoY inflation improved to 0.00% (from -2.60%), indicating wholesale food prices moved back to flat YoY after prior declines.
- The release notes October 2025 final all-commodities WPI inflation was -1.02% YoY, providing context for the subsequent improvement through November (-0.32%) and December (+0.83%).
India’s Wholesale Price Index (WPI) rose +0.71% MoM in November 2025 but remained down -0.32% YoY (vs -0.6% YoY expected), reflecting monthly price firming amid continued annual deflation.
- All-commodities WPI stood at 155.9 in November, with YoY inflation improving from -1.21% in October to -0.32%, though still negative due to lower prices for food, energy, metals, and electricity.
- Primary Articles prices increased +2.07% MoM, lifting the index to 192.1, while YoY inflation remained negative at -2.93%, led by higher prices for minerals (+4.50%), food articles (+2.50%), and non-food articles (+1.28%).
- Fuel & Power rose +1.03% MoM to an index of 146.5 but stayed in deflation at -2.27% YoY, as higher electricity prices (+6.70% MoM) offset declines in mineral oils (-0.67% MoM).
- Manufactured Products edged down -0.07% MoM to 145.0, with YoY inflation easing to +1.33% from +1.54%, as 14 of 22 manufacturing groups recorded price declines.
- The WPI Food Index increased +1.56% MoM to 195.0, while YoY food inflation narrowed to -2.60% from -5.04% in October, signaling reduced deflation in wholesale food prices.
- MoM WPI gains in November followed two consecutive monthly declines (-0.13% MoM in September and October), marking a short-term rebound in wholesale prices.
- September 2025 final data confirmed all-commodities WPI inflation at +0.19% YoY, providing context for the subsequent swing back into deflation in October and November.
India’s Wholesale Price Index (WPI) fell -0.06% MoM in October 2025 and declined -1.21% YoY, reflecting broad price softness driven by lower food, energy, and basic metals prices.
- Primary Articles dropped -0.42% MoM to 188.2 and fell -6.18% YoY, as crude petroleum and natural gas prices declined -3.13% MoM and non-food articles fell -1.73% MoM, while minerals rose +1.72% MoM.
- Fuel & Power rose +1.12% MoM to 145.0 but remained -2.55% YoY, with higher prices for electricity (+2.89% MoM) and mineral oils (+0.67% MoM) offsetting stable coal prices.
- Manufactured Products edged down -0.07% MoM to 145.1 and posted +1.54% YoY inflation, with 7 of 22 industry groups seeing price declines including basic metals, chemicals, and motor vehicles, while textiles, food products, electronics, and electrical equipment saw increases.
- The WPI Food Index was unchanged MoM at 192.0 but inflation fell to -5.04% YoY from -1.99% in September, reflecting a sharper annual drop in wholesale food prices.
- All-commodities WPI inflation fell sharply from +0.13% YoY in September to -1.21% YoY in October, driven by declines across food articles, crude petroleum and natural gas, electricity, mineral oils, and basic metals.
- MoM WPI trends show broad stabilization over recent months, with October’s -0.06% MoM change representing a smaller decline than September’s -0.19% MoM.
India’s Wholesale Price Index (WPI) inflation eased to +0.13% YoY in September 2025 (from +0.52% in August), while prices fell -0.19% MoM, reflecting slight moderation in wholesale price momentum.
- Primary Articles declined -1.05% MoM, with lower prices for food (-1.38%) and non-food articles (-1.06%), partly offset by gains in minerals (+1.36%) and crude petroleum & natural gas (+0.64%).
- Fuel & Power edged down -0.14% MoM, as mineral oils (-0.54%) and coal (-0.15%) fell, while electricity rose +1.20%.
- Manufactured Products rose +0.21% MoM, marking a third consecutive monthly increase, supported by gains in food products, textiles, electrical equipment, and other non-metallic mineral products.
- The WPI Food Index dropped -0.78% MoM, reversing August’s +1.10% rise, pushing its annual inflation rate down to -1.99% YoY from +0.21% in August.
- Annual inflation in Manufactured Products remained firm at +2.33% YoY, while Primary Articles (-3.32% YoY) and Fuel & Power (-2.58% YoY) continued to decline.
India’s Wholesale Price Index (WPI) rose 0.52% MoM in August 2025, while annual inflation turned positive at 0.52% YoY, ending two straight months of deflation.
- Primary Articles rose 1.60% MoM in August, with the YoY rate improving to -2.10% from -4.95% in July, supported by higher prices of non-food articles, minerals, and food.
- Fuel & Power declined -0.69% MoM in August, and the YoY inflation rate eased further to -3.17%, as electricity and mineral oil prices fell.
- Manufactured Products increased 0.21% MoM, with annual inflation strengthening to 2.55% YoY from 2.05% in July, reflecting broad-based price increases across 13 of 22 groups.
- The WPI Food Index rose 1.15% MoM in August, lifting annual inflation to 0.21% YoY from -2.15% in July, indicating a turnaround in food prices.
- All Commodities index reached 155.2 in August (vs 154.4 in July), marking the highest level in three months.
India’s Wholesale Price Index (WPI) rose 0.39% MoM in July 2025 but fell -0.58% YoY (vs -0.3% YoY expected), marking the second straight month of annual deflation, led by sharp declines in primary articles and food prices.
- Primary articles rose +1.18% MoM but inflation fell to -4.95% YoY from -3.38% in June.
- Fuel & power increased +1.12% MoM, but YoY inflation stayed negative at -2.43%.
- Manufactured products edged down -0.14% MoM but remained up +2.05% YoY.
- The WPI Food Index rose +0.58% MoM, while food inflation dropped to -2.15% YoY from -0.26% in June.
India’s Wholesale Price Index (WPI) declined -0.19% MoM and fell -0.13% YoY (vs 0.52% YoY expected) in June 2025, marking the first negative YoY print since October 2023, led by declines in fuel, food, and metals.
- Primary articles rose 0.81% MoM, but inflation remained negative at -3.38% YoY, with vegetable prices down -22.65% YoY.
- The WPI Food Index rose 0.37% MoM, but annual food inflation slipped to -0.26% YoY from 1.72% YoY in May.
- Fuel & power dropped -2.52% MoM and -2.65% YoY, with electricity prices down -9.10% MoM.
- Manufactured products were nearly flat at -0.07% MoM and up 1.97% YoY, with notable weakness in basic metals (-1.00% MoM, -3.14% YoY) and semi-finished steel (-1.26% MoM, -3.70% YoY).
India’s Wholesale Price Index (WPI) inflation eased to 0.39% YoY (vs 0.80% MoM expected) in May 2025, down from 0.85% YoY in April and 2.25% in March, as price pressures in primary articles and fuel continued to decline.
- WPI fell -0.06% MoM in May, the sixth consecutive month of negative or flat MoM prints.
- Primary Articles index declined -2.02% YoY and -0.05% MoM, with mineral prices down -7.16% MoM and non-food articles down -0.63%.
- Fuel & Power index dropped -2.27% YoY and -0.95% MoM, led by mineral oils (-2.06% MoM); electricity and coal prices rose 0.80% and 0.81%, respectively.
- Manufactured Products inflation slowed to 2.04% YoY, with no change MoM; price gains in computers, pharma, and textiles were offset by declines in metals, chemicals, and food processing.
- The WPI Food Index edged up 0.11% MoM with the annual rate slowing to 1.72% YoY in May from 2.55% YoY in April, the lowest since October 2023.
The annual rate of inflation based on the All India Wholesale Price Index (WPI) was 0.85% (provisional) in April 2025, a decrease from 2.05% in March and 2.45% in February. This positive rate is attributed to price increases in manufactured food products, chemicals, and other transport equipment.
- The WPI decreased -0.19% MoM in April 2025, following a trend of negative MoM changes over the last six months, including -0.45% in December 2024 and -0.26% in March 2025.
- The index for Primary Articles decreased by 0.11% MoM to 184.4 in April 2025, driven by declines in crude petroleum & natural gas (-5.31%) and non-food articles (-1.78%), offset by increases in minerals (7.81%) and food articles (0.36%).
- The index for Fuel & Power saw a more significant decrease of 2.82% MoM to 148.1 in April 2025, primarily due to drops in mineral oils (-3.95%) and electricity (-1.38%).
- The Manufactured Products index increased by 0.35% MoM to 144.9 in April 2025, with 16 of 22 NIC two-digit groups experiencing price increases.
- The WPI Food Index increased slightly from 188.8 to 189.3, with the annual inflation rate decreasing from 4.66% in March 2025 to 2.55% in April 2025.
India’s Wholesale Price index fell -0.19% MoM but was up 2.05% YoY in March, above expectations of a 2.5% YoY increase and down from 2.38% YoY in February.
- Raw goods prices fell -1.07% MoM and were only up 0.76% YoY led by declines in the wholesale prices of of crude petroleum & natural gas (-2.42% MoM) and non-food articles (-2.40% MoM).
- Manufactured product prices were up 0.42% MoM and 3.07% YoY with 16 of the manufactured goods subindexes rising in March.
- The Food Index fell -0.11% MoM, the 5th straight monthly decline, and was up 4.66% YoY, a sharp slowdown from a peak of 12.15% YoY in October 2024.