India's Wholesale Inflation Falls to 0.85% in April, Largely Driven by Cheaper Food and Fuel

India's Wholesale Price Index (WPI) inflation dipped to 0.85% in April, down from 2.05% in March, based on government statistics. The decrease was largely triggered by cheaper food and fuel prices, while manufacturing inflation was constant at 2.62% year-on-year2.

 

Aggregate WPI Inflation:

Food Price Index:

Fuel Price Index:

Manufacturing Inflation:

February WPI Revision

The WPI inflation in February was revised to 2.45%, based on fresh price patterns in major articles.

 

Insight:

Indian wholesale inflation is easing further due to reduced food and fuel prices, while manufacturing inflation stabilizes. Industrial growth will be boosted by lower fuel prices, while consumer affordability is guaranteed by moderate food inflation. The Reserve Bank of India (RBI) expects inflation to be below 4% for FY26, giving a boost to economic stability.

 

Sources: Business Standard, Economic Times