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India's November WPI inflation signals mild easing in deflationary pressure
Dec-15-2025

Deflationary trend continued, as India's wholesale price index (WPI) inflation remained in the negative zone in the month of November 2025, but the pace of decline eased compared with the previous month. WPI inflation stood at -0.32% in November 2025, as against -1.21% in October 2025.

The component wise, primary articles index, having weight of 22.62%, increased 2.07% from 188.2 (provisional) for the month of October 2025 to 192.1 (provisional) in November 2025, on the back of rise in the prices of minerals, food articles and non-food articles.  However, there was decline in the prices of crude petroleum & natural gas during the reported month.

Fuel & Power index, having weight of 13.15%, surged 1.03% from 145.0 (provisional) for the month of October 2025 to 146.5 (provisional) in November 2025, with increase in price of electricity. However, the price of mineral oils decreased in November 2025. Meanwhile, the price of coal remained same as in the previous month. Besides, Manufactured Products constituting the major portion of the index with weight of 64.23%, decreased by 0.07% from 145.1 (provisional) for the month of October 2025 to 145.0 (provisional) in November 2025.

WPI Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group have increased from 192.0 in October 2025 to 195.0 in November 2025. The rate of inflation (Y-o-Y) based on WPI Food Index increased from (-) 5.04% in October, 2025 to (-) 2.60% in November, 2025. Further, for the month of September 2025, the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011- 12=100) stood at 155.0 and 0.19% respectively.


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