India’s wholesale price inflation (WPI) for November 2025 has been revised to -0.13% year-on-year, according to government data. The revision highlights deflationary pressures in key sectors, driven by easing fuel costs and subdued commodity prices. This adjustment underscores the mixed inflationary environment shaping India’s economic outlook.
Key Highlights & Developments
The Government of India has revised wholesale price inflation (WPI) for November 2025 to -0.13% year-on-year, reflecting a deflationary trend in the economy. This revision marks a shift from earlier provisional estimates and underscores the impact of easing input costs across sectors.
-
Deflationary Signal: The negative WPI figure indicates that wholesale prices fell compared to the same period last year, driven largely by declining fuel and energy costs.
-
Sectoral Drivers: Fuel prices contracted significantly, while food inflation remained subdued, balancing pressures from manufacturing costs. This mix of sectoral movements highlights the complexity of India’s inflation dynamics.
-
Policy Context: While the Reserve Bank of India primarily tracks consumer price inflation (CPI) for monetary policy, WPI revisions provide critical insights into supply-side pressures faced by producers and businesses.
-
Economic Outlook: The deflationary revision suggests temporary relief for industries dependent on raw materials and energy, though rising manufacturing inflation in subsequent months points to potential cost pressures ahead.
Contextual Note: Wholesale inflation trends serve as an important barometer for India’s economic health, influencing investor sentiment and shaping expectations for growth and monetary policy. November’s revised figure highlights the volatility of price movements across sectors.
Sources: Government of India inflation data release; Reuters market coverage; Economic Times wholesale inflation report