India's wholesale inflation eases in November
What's the story
India's wholesale price index (WPI)-based inflation contracted by 0.32% year-on-year (YoY) in November, government data released on Monday showed. The decline was mainly due to a fall in food prices, mineral oils, and crude petroleum & natural gas. In October, the WPI-based inflation had contracted by 1.21%, while it had risen by 0.19% in September this year.
Food prices
Food index shows slight increase in November
The WPI Food Index, which includes food articles and products, saw a slight increase from -5.04% in October to -2.60% in November 2025. The index value also increased from 192.0 in October to 195.0 in November this year, indicating a marginal rise in food prices during the month under review.
Price increase
Mineral and food article prices rise in November
The Ministry of Commerce and Industry reported that the prices of minerals (4.50%), food articles (2.50%), and non-food articles (1.28%) increased in November compared to the previous month. However, it was noted that crude petroleum & natural gas prices fell by -1.62% during this period. This data provides a comprehensive view of price fluctuations across different sectors in India's economy for November 2025.
Index explanation
WPI measures factory gate prices before retail
The Wholesale Price Index (WPI) is a measure of the average change in prices of goods sold by wholesale businesses to other companies. It differs from the Consumer Price Index (CPI), which tracks prices paid by consumers for goods and services. The WPI focuses on factory gate prices before they reach retail outlets, giving a clearer picture of inflation at the production level.