Wholesale Inflation Rises Marginally to 0.13% in September 2025 on Costlier Primary Articles
SDG 8: Decent Work and Economic Growth | SDG 12: Responsible Consumption and Production
Institutions: Ministry of Commerce and Industry
The Wholesale Price Index (WPI)–based inflation for September 2025 stood at 0.13 % (provisional) compared with –0.26 % in September 2024, reflecting a mild uptick in wholesale prices driven mainly by primary articles and food commodities. Month-on-month, the WPI index declined 0.19 %, indicating continued softening in manufactured-goods prices.
Breakdown of annual inflation by major groups:
Primary Articles: 2.97 % (increase due to pulses, cereals, vegetables, milk).
Fuel & Power: –3.45 % (reflecting lower crude and gas prices).
Manufactured Products: –0.65 % (led by declines in basic metals and chemicals).
The Food Index (Primary Food + Manufactured Food Products) registered 1.35 %, marking the first positive reading after three consecutive months of deflation. WPI for September 2025 was compiled at a weighted response rate of 80.2 %, ensuring broad coverage.
The slight rebound in wholesale inflation suggests that input-cost pressures are stabilising even as consumer inflation remains subdued. For policymakers, the trend supports a continued accommodative monetary stance while signalling caution on emerging food-price pressures before the festival and sowing seasons. WPI movements also help recalibrate producer-price expectations, industrial contracts, and procurement benchmarks used across sectors.
What is the Wholesale Price Index (WPI)? → The WPI measures average changes in prices of bulk-traded goods—Primary Articles, Fuel & Power, and Manufactured Products—at the wholesale stage. Compiled monthly by DPIIT, it tracks input-cost trends influencing production, trade margins, and monetary policy decisions.
Follow the full news here: PIB Release 2178775 | Monthly WPI Report (September 2025)