India’s wholesale inflation (WPI) fell to -0.13% in June 2025, marking its lowest level since October 2023. In May, it stood at 0.39%.

The drop was driven by declining prices of food items, mineral oils, crude petroleum, natural gas, and basic metals, according to the government.

WPI tracks wholesale prices—what businesses pay for goods in bulk—unlike CPI, which reflects consumer prices. The base year for WPI is 2011–12.

Despite the overall dip, prices rose in June for minerals (1.49%), non-food articles (1.26%), and food articles (0.82%) compared to May.

On the other hand, prices fell for crude petroleum (-0.44%), mineral oils (-0.54%), and coal (-0.07%).

Out of 22 manufacturing sectors tracked, 11 saw price increases, 6 saw decreases, and 5 remained unchanged. Price gains were noted in equipment, transport, and pharma products, while declines were seen in metals, food products, and rubber goods.

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