WPI

March 12, 2025 11:09 AM

India’s wholesale inflation likely eased to 2% in February: UBI report

India’s Wholesale Price Index (WPI) inflation is expected to have fallen to 2% in February 2025, down from 2.3% in January, driven by a drop in oil prices and a seasonal decline in food prices, according to a report by Union Bank of India (UBI). The report noted that the primary factor behind the moderation in WPI inflation was the sharp decline in vegetable prices, a major component of food inflation. Vegetable prices are estimated to have dropped by 12% month-on-month, helping to ease infla...

WPI inflation slows to 2.31% in January as food prices ease

India's annual Wholesale Price Index (WPI) inflation eased to 2.31% in January 2025 from 2.37% in December 2024, according to data released by the Commerce and Industry Ministry on Friday. Month-over-month, the WPI declined by 0.45% in January, driven by lower food prices. The index for primary articles fell by 2.01% as food article prices dropped by 3.62%. However, prices of crude petroleum and natural gas (6.34%), non-food articles (0.66%), and minerals (0.22%) increased. Inflation in the fu...