
New Delhi, November 14, 2025 — India’s Wholesale Price Index (WPI)-based inflation stayed in the negative zone for the fourth straight month, signalling continued cooling in input costs across major sectors. The decline is primarily driven by softer prices of fuel, power, manufactured goods, and certain primary commodities, offering relief to industries dependent on raw materials. Economists say the persistent negative WPI reflects improving supply conditions and easing global commodity pressures.
Despite the negative wholesale inflation, experts caution that the gap between WPI and CPI must be watched closely, as retail inflation remains comparatively firm. Policymakers are assessing whether this trend will support future rate decisions and boost industrial recovery. With global uncertainties still looming, India’s wholesale inflation trajectory will remain an important indicator for growth and pricing stability in the coming months.
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