India’s wholesale price inflation remained in negative territory for the second consecutive month in November 2025, with the annual rate easing to (-) 0.32 per cent, according to data released by the Department for Promotion of Industry and Internal Trade (DPIIT) on Monday.
The decline, measured year-on-year, was largely driven by lower prices of food articles, mineral oils, crude petroleum and natural gas, basic metals and electricity. The Wholesale Price Index (WPI) for all commodities stood at 155.9 in November, compared with 154.8 in October.
On a month-on-month basis, however, wholesale prices recorded an uptick, with the WPI rising by 0.71 per cent in November over October. Primary articles saw a sharp increase of 2.07 per cent, led by higher prices of minerals, food articles and non-food articles, even as crude petroleum and natural gas prices declined.
The fuel and power index increased by 1.03 per cent, mainly due to a significant increase in electricity prices, while manufactured products registered a marginal decline of 0.07 per cent amid mixed price movements across sectors.
The WPI Food Index increased from 192.0 in October to 195.0 in November, although food inflation remained negative at (-) 2.60 per cent, improving from (-) 5.04 per cent in the previous month. The final WPI for September 2025 stood at 155.0, with an inflation rate of 0.19 per cent. DPIIT said the November figures are provisional and based on a weighted response rate of 82 per cent, and are subject to revision.
The next WPI data, for December 2025, is scheduled to be released on January 14, 2026.
