India’s Wholesale Inflation Eases to 2.05% in March; Food and Manufacturing Prices Remain in Focus

India’s wholesale price inflation (WPI) moderated to 2.05% year-on-year in March 2025, according to official data released today by the Ministry of Commerce & Industry. The figure comes in below market expectations (Reuters poll: 2.50%), signaling some respite from cost pressures even as food and manufacturing prices remain on policymakers’ radar.

 

Key Highlights:

Policy and Market Outlook:

With overall wholesale inflation contained, the Reserve Bank of India is likely to monitor the persistence of food and manufacturing price pressures as it calibrates upcoming monetary policy. Analysts expect the central bank to maintain a balanced approach, supporting growth while keeping inflation expectations anchored.

 

Conclusion:

India’s March WPI data for 2025 points to moderating inflationary pressures, offering room for policy flexibility, but highlights the need to keep a close watch on food and industrial costs in the months ahead.

 

Source:Ministry of Commerce & Industry, Government of India, released April 15, 2025; Reuters.