Wholesale Price Index Inflation at -1.21% Driven by Falling Commodity Prices, October 2025
Ministry of Commerce & Industry
Index Numbers of Wholesale Price in India for the Month of October, 2025 (Base Year: 2011-12)
Posted On: 14 NOV 2025 12:00PM by PIB Delhi
The annual rate of inflation based on All India Wholesale Price Index (WPI) number is (-) 1.21% (provisional) for the month of October, 2025 (over October, 2024). Negative rate of inflation in October, 2025 is primarily due to decrease in prices of food articles, crude petroleum & natural gas, electricity, mineral oils and manufacture of basic metals etc. The index numbers and inflation rate for the last three months of all commodities and WPI components are given below:
Index Numbers and Annual Rate of Inflation (Y-o-Y in %) * |
|||||||
| All Commodities/Major Groups | Weight (%) | Aug-25(F) | Sep-25(P) | Oct-25(P) | |||
| Index | Inflation | Index | Inflation | Index | Inflation | ||
| All Commodities | 100.00 | 155.2 | 0.52 | 154.9 | 0.13 | 154.8 | -1.21 |
| I. Primary Articles | 22.62 | 191.0 | -2.10 | 189.0 | -3.32 | 188.2 | -6.18 |
| II. Fuel & Power | 13.15 | 143.5 | -3.24 | 143.4 | -2.58 | 145.0 | -2.55 |
| III. Manufactured Products | 64.23 | 145.0 | 2.62 | 145.2 | 2.33 | 145.1 | 1.54 |
| Food Index | 24.38 | 193.5 | 0.21 | 192.0 | -1.99 | 192.0 | -5.04 |
Note: F: Final, P: Provisional, *Annual rate of WPI inflation calculated over the corresponding month of previous year
The month over month change in WPI for the month of October, 2025 stood at (-) 0.06% as compared to September, 2025. The monthly change in WPI for last six-month is summarized below:
| Month Over Month (M-o-M in %) change in WPI Index# | |||||||
| All Commodities/Major Groups | Weight | May-25 | Jun-25 | Jul-25 | Aug-25(F) | Sep-25(P) | Oct-25(P) |
| All Commodities | 100.00 | -0.32 | 0.00 | 0.46 | 0.52 | -0.19 | -0.06 |
| I. Primary Articles | 22.62 | -0.32 | 0.70 | 1.29 | 1.33 | -1.05 | -0.42 |
| II. Fuel & Power | 13.15 | -1.92 | -0.42 | 0.98 | -0.14 | -0.07 | 1.12 |
| III. Manufactured Products | 64.23 | 0.07 | -0.21 | -0.07 | 0.28 | 0.14 | -0.07 |
| Food Index | 24.38 | -0.42 | 0.16 | 0.63 | 1.10 | -0.78 | 0.00 |
Note: F: Final, P: Provisional, #Monthly rate of change, based on month over month (M-o-M) WPI calculated over the preceding month
Month-over-Month Change in Major Groups of WPI:
Primary Articles (Weight 22.62%): – The index for this major group decreased by 0.42 % from 189.0 (provisional) for the month of September, 2025 to 188.2 (provisional) in October, 2025. Price of Crude Petroleum & Natural Gas (-3.13%) and non-food articles (-1.73%) decreased in October, 2025 as compared to September, 2025. The Price of minerals (1.72%) increased in October, 2025 as compared to September, 2025. The price of food articles remained same as in the previous month.
Fuel & Power (Weight 13.15%): – The index for this major group increased by 1.12% from 143.4 (provisional) for the month of September, 2025 to 145.0 (provisional) in October, 2025. Price of electricity (2.89%), mineral oils (0.67%) increased in October, 2025 as compared to September, 2025. The price of coal remained same as in the previous month.
Manufactured Products (Weight 64.23%): – The index for this major group decreased by (-) 0.07% from 145.2 (provisional) for the month of September, 2025 to 145.1 (provisional) in October, 2025. Out of the 22 NIC two-digit groups for manufactured products, 7 groups witnessed a decrease in prices, 11 groups witnessed an increase in prices and 4 groups witnessed no change in prices. Some of the important groups that showed month-over-month decrease in prices were manufacture of other non-metallic mineral products; basic metals ; chemicals and chemical products; motor vehicles, trailers and semi-trailers and printing and reproduction of recorded media etc. Some of the groups that witnessed an increase in prices were manufacture of textiles; food products ; computer, electronic and optical products; electrical equipment ;and wood and of products of wood and cork etc. in October, 2025 as compared to September, 2025.
WPI Food Index (Weight 24.38%): The Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group has remain constant 192.0 from September, 2025 to October, 2025. The rate of inflation (Y-o-Y) based on WPI Food Index decreased to (-) 5.04% in October, 2025 from (-) 1.99% in September, 2025.
Final Index for the month of August, 2025 (Base Year: 2011-12=100): For the month of August, 2025, the final Wholesale Price Index and inflation rate for ‘All Commodities’ (Base: 2011-12=100) stood at 155.2 and 0.52% respectively.
The details of all India Wholesale Price Indices and Rates of Inflation for different commodity groups based on updated figures are at Annex I. The Annual rate of Inflation (Y-o-Y) based on WPI for different commodity groups in the last six months is at Annex II. WPI for different commodity groups in the last six months is at Annex III.
Response Rate: The WPI for October, 2025 has been compiled at a weighted response rate of 84.2 per cent, while the final figure for August, 2025 is based on the weighted response rate of 94.2 per cent. The provisional figures of WPI will undergo revision as per the revision policy of WPI. This press release, item indices, and inflation numbers are available at our website https://eaindustry.nic.in.
Next date of Press Release: WPI for the month of November, 2025 would be released on 15/12/2025.
Note: DPIIT releases index number of wholesale price in India on monthly basis on 14th of every month (or next working day, if 14th falls on holiday) with a time lag of two weeks of the reference month, and the index number is compiled with data received from institutional sources and selected manufacturing units across the country. This press release contains WPI (Base Year 2011-12=100) for the month of October, 2025 (Provisional), August, 2025 (Final) and other months/years. Provisional figures of WPI are finalised after 10 weeks (from the month of reference), and frozen thereafter.
Annex-I
All India Wholesale Price Indices and Rates of Inflation (Base Year: 2011-12=100) for October, 2025
|
Commodities/Major Groups/Groups/Sub-Groups/Items |
Weight | Index
Oct-25* |
Latest month over Month (MoM) | Inflation (YoY) | Rate of Inflation (YoY) | |||
| Sep-Oct 2024 | Sep-Oct
2025* |
2024-25 (Apr-Oct) | 2025-26 (Apr-Oct) | October 2024 | October
2025* |
|||
| ALL COMMODITIES | 100.00 | 154.8 | 1.29 | -0.06 | 2.19 | -0.06 | 2.75 | -1.21 |
| I. PRIMARY ARTICLES | 22.62 | 188.2 | 2.61 | -0.42 | 5.98 | -3.21 | 8.26 | -6.18 |
| A. Food Articles | 15.26 | 199.8 | 3.37 | 0.00 | 8.54 | -4.02 | 13.49 | -8.31 |
| Cereals | 2.82 | 206.4 | 0.87 | 0.15 | 8.69 | 1.25 | 7.80 | -1.05 |
| Paddy | 1.43 | 201.4 | 0.49 | 0.55 | 10.29 | -0.08 | 7.47 | -1.47 |
| Wheat | 1.03 | 211.3 | 2.04 | -0.09 | 6.92 | 4.23 | 8.04 | 0.81 |
| Pulses | 0.64 | 195.8 | -1.22 | -0.41 | 17.08 | -13.57 | 9.27 | -16.50 |
| Vegetables | 1.87 | 234.7 | 16.08 | -0.13 | 20.82 | -24.17 | 62.86 | -34.97 |
| Potato | 0.28 | 225.8 | -0.16 | 3.91 | 74.34 | -37.10 | 79.11 | -39.88 |
| Onion | 0.16 | 165.3 | -3.06 | -7.45 | 67.16 | -45.91 | 39.25 | -65.43 |
| Fruits | 1.60 | 195.7 | 0.57 | -2.54 | 10.24 | 1.49 | 13.60 | -7.03 |
| Milk | 4.44 | 191.2 | 0.16 | 0.21 | 3.81 | 2.55 | 3.00 | 3.02 |
| Eggs, Meat & Fish | 2.40 | 174.0 | -0.93 | -0.46 | -0.77 | 0.05 | -0.52 | 1.75 |
| B. Non-Food Articles | 4.12 | 164.4 | -0.18 | -1.73 | -2.31 | 2.70 | -1.34 | 1.54 |
| Oil Seeds | 1.12 | 196.8 | 0.43 | -2.62 | -3.22 | 7.13 | 1.98 | 6.15 |
| C. Minerals | 0.83 | 242.4 | 2.87 | 1.72 | 5.26 | 3.31 | 4.51 | 5.57 |
| D. Crude Petroleum & Natural gas | 2.41 | 136.2 | 0.82 | -3.13 | 1.25 | -10.06 | -11.80 | -7.54 |
| Crude Petroleum | 1.95 | 109.0 | 2.11 | -4.64 | 0.61 | -13.80 | -12.49 | -13.56 |
| II. FUEL & POWER | 13.15 | 145.0 | 1.09 | 1.12 | -0.92 | -3.30 | -4.31 | -2.55 |
| LPG | 0.64 | 108.4 | 2.57 | 0.84 | 3.72 | -2.17 | 2.57 | -9.52 |
| Petrol | 1.60 | 146.0 | -1.19 | 0.07 | -3.02 | -5.98 | -7.35 | -2.60 |
| HSD | 3.10 | 161.1 | -0.55 | 0.69 | -3.01 | -4.18 | -6.23 | -1.89 |
| III. MANUFACTURED PRODUCTS | 64.23 | 145.1 | 0.70 | -0.07 | 1.11 | 2.17 | 1.78 | 1.54 |
| Mf/o Food Products | 9.12 | 179.0 | 2.87 | 0.11 | 4.80 | 6.41 | 9.39 | 1.76 |
| Vegetable & Animal Oils and Fats | 2.64 | 186.8 | 9.46 | 0.21 | 5.36 | 19.61 | 26.03 | 4.83 |
| Mf/o Beverages | 0.91 | 135.9 | 0.15 | 0.15 | 2.01 | 1.37 | 2.13 | 1.04 |
| Mf/o Tobacco Products | 0.51 | 181.6 | -0.85 | 0.28 | 2.02 | 2.79 | 1.09 | 3.18 |
| Mf/o Textiles | 4.88 | 138.5 | 0.07 | 0.29 | 0.77 | 0.89 | 0.89 | 1.91 |
| Mf/o Wearing Apparel | 0.81 | 156.5 | 0.20 | 0.19 | 1.65 | 1.79 | 1.25 | 1.69 |
| Mf/o Leather and Related Products | 0.54 | 127.3 | 0.56 | 0.00 | 0.17 | 2.47 | 1.37 | 1.27 |
| Mf/o Wood and Products of Wood and Cork | 0.77 | 151.1 | 0.07 | 0.73 | 2.71 | 0.65 | 1.09 | 1.61 |
| Mf/o Paper and Paper Products | 1.11 | 140.3 | 0.00 | 0.00 | -2.01 | 0.91 | 0.94 | 0.36 |
| Mf/o Chemicals and Chemical Products | 6.47 | 136.8 | -0.15 | -0.22 | -1.07 | 0.63 | -0.22 | 0.37 |
| Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products | 1.99 | 146.2 | -0.42 | 0.27 | 1.03 | 1.20 | 0.42 | 1.88 |
| Mf/o Rubber and Plastics Products | 2.30 | 128.9 | 0.70 | -0.08 | 1.04 | 0.41 | 1.89 | -0.54 |
| Mf/o other Non-Metallic Mineral Products | 3.20 | 133.0 | -0.15 | -0.67 | -3.01 | 1.83 | -3.83 | 1.99 |
| Cement, Lime and Plaster | 1.64 | 132.0 | -0.08 | -1.27 | -5.52 | 1.92 | -7.20 | 2.48 |
| Mf/o Basic Metals | 9.65 | 137.1 | 1.16 | -0.22 | -1.07 | -1.76 | -2.04 | -1.58 |
| Mild Steel – Semi Finished Steel | 1.27 | 114.6 | 3.42 | -0.69 | -2.85 | -1.33 | -1.67 | -2.88 |
| Mf/o Fabricated Metal Products, Except Machinery and Equipment | 3.15 | 137.0 | -0.95 | 0.07 | -2.19 | 0.65 | -2.81 | 1.48 |
Note: * = Provisional. Mf/o = Manufacture of
Annex-II
WPI Inflation (Base Year: 2011-12=100) for last 6 months
|
Commodities/Major Groups/Groups/Sub-Groups/Items |
Weight | WPI based inflation (YoY) figures for last 6 months | |||||
| May-25 | Jun-25 | Jul-25 | Aug-25 | Sep-25* | Oct-25* | ||
| ALL COMMODITIES | 100.00 | 0.13 | -0.19 | -0.58 | 0.52 | 0.13 | -1.21 |
| I. PRIMARY ARTICLES | 22.62 | -1.75 | -3.22 | -4.70 | -2.10 | -3.32 | -6.18 |
| A. Food Articles | 15.26 | -1.25 | -3.65 | -6.29 | -3.11 | -5.22 | -8.31 |
| Cereals | 2.82 | 2.56 | 1.44 | 1.43 | 1.03 | -0.34 | -1.05 |
| Paddy | 1.43 | 0.96 | 0.25 | 0.15 | -0.84 | -1.52 | -1.47 |
| Wheat | 1.03 | 5.75 | 3.77 | 4.40 | 4.75 | 2.97 | 0.81 |
| Pulses | 0.64 | -10.41 | -14.09 | -15.21 | -15.23 | -17.19 | -16.50 |
| Vegetables | 1.87 | -21.40 | -22.65 | -29.02 | -14.34 | -24.41 | -34.97 |
| Potato | 0.28 | -28.97 | -32.50 | -41.54 | -44.56 | -42.24 | -39.88 |
| Onion | 0.16 | -14.17 | -33.45 | -44.38 | -50.46 | -63.79 | -65.43 |
| Fruits | 1.60 | 11.01 | 1.69 | -2.65 | -4.86 | -4.06 | -7.03 |
| Milk | 4.44 | 3.32 | 2.53 | 2.37 | 2.58 | 2.97 | 3.02 |
| Eggs, Meat & Fish | 2.40 | -1.01 | -0.29 | -1.09 | 0.06 | 1.27 | 1.75 |
| B. Non-Food Articles | 4.12 | 1.28 | 2.16 | 3.65 | 5.56 | 3.14 | 1.54 |
| Oil Seeds | 1.12 | 2.68 | 5.89 | 9.77 | 14.00 | 9.48 | 6.15 |
| C. Minerals | 0.83 | 0.57 | -0.35 | 4.19 | 4.70 | 6.77 | 5.57 |
| D. Crude Petroleum & Natural gas | 2.41 | -11.54 | -10.77 | -10.58 | -9.87 | -3.76 | -7.54 |
| Crude Petroleum | 1.95 | -13.97 | -12.31 | -14.86 | -13.68 | -7.45 | -13.56 |
| II. FUEL & POWER | 13.15 | -4.80 | -3.13 | -3.04 | -3.24 | -2.58 | -2.55 |
| LPG | 0.64 | 0.25 | 2.68 | 1.23 | -1.22 | -7.96 | -9.52 |
| Petrol | 1.60 | -9.44 | -6.57 | -5.74 | -5.72 | -3.82 | -2.60 |
| HSD | 3.10 | -6.20 | -5.12 | -4.30 | -3.54 | -3.09 | -1.89 |
| III. MANUFACTURED PRODUCTS | 64.23 | 2.11 | 1.90 | 2.05 | 2.62 | 2.33 | 1.54 |
| Mf/o Food Products | 9.12 | 8.45 | 6.87 | 6.86 | 7.27 | 4.56 | 1.76 |
| Vegetable & Animal Oils and Fats | 2.64 | 25.81 | 22.30 | 22.04 | 23.06 | 14.50 | 4.83 |
| Mf/o Beverages | 0.91 | 1.65 | 1.50 | 1.20 | 1.19 | 1.04 | 1.04 |
| Mf/o Tobacco Products | 0.51 | 4.30 | 2.04 | 1.81 | 3.24 | 2.03 | 3.18 |
| Mf/o Textiles | 4.88 | 0.44 | 0.00 | 0.00 | 1.32 | 1.69 | 1.91 |
| Mf/o Wearing Apparel | 0.81 | 2.11 | 2.10 | 2.30 | 1.90 | 1.69 | 1.69 |
| Mf/o Leather and Related Products | 0.54 | 2.90 | 2.33 | 2.89 | 2.32 | 1.84 | 1.27 |
| Mf/o Wood and Products of Wood and Cork | 0.77 | 0.47 | 0.60 | 0.13 | 0.00 | 0.94 | 1.61 |
| Mf/o Paper and Paper Products | 1.11 | 1.45 | 1.16 | 1.01 | 0.07 | 0.36 | 0.36 |
| Mf/o Chemicals and Chemical Products | 6.47 | 1.03 | 0.51 | 0.29 | 0.37 | 0.44 | 0.37 |
| Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products | 1.99 | 1.32 | 1.18 | 0.90 | 0.55 | 1.18 | 1.88 |
| Mf/o Rubber and Plastics Products | 2.30 | 0.78 | 0.54 | 0.08 | 0.08 | 0.23 | -0.54 |
| Mf/o other Non-Metallic Mineral Products | 3.20 | 0.98 | 2.07 | 2.62 | 3.08 | 2.53 | 1.99 |
| Cement, Lime and Plaster | 1.64 | 0.15 | 1.92 | 3.19 | 4.54 | 3.72 | 2.48 |
| Mf/o Basic Metals | 9.65 | -3.11 | -3.28 | -2.56 | -0.51 | -0.22 | -1.58 |
| Mild Steel – Semi Finished Steel | 1.27 | -2.87 | -3.78 | -2.36 | 1.31 | 1.14 | -2.88 |
| Mf/o Fabricated Metal Products, Except Machinery and Equipment | 3.15 | 0.95 | 0.66 | 0.15 | 0.29 | 0.44 | 1.48 |
Note: * = Provisional. Mf/o = Manufacture of
Annex-III
Wholesale Price Indices (Base Year: 2011-12=100) for last 6 months
|
Commodities/Major Groups/Groups/Sub-Groups/Items |
Weight | WPI Numbers for last 6 months | |||||
| May-25 | Jun-25 | Jul-25 | Aug-25 | Sep-25* | Oct-25* | ||
| ALL COMMODITIES | 100.00 | 153.7 | 153.7 | 154.4 | 155.2 | 154.9 | 154.8 |
| I. PRIMARY ARTICLES | 22.62 | 184.8 | 186.1 | 188.5 | 191.0 | 189.0 | 188.2 |
| A. Food Articles | 15.26 | 196.8 | 198.0 | 199.7 | 202.5 | 199.8 | 199.8 |
| Cereals | 2.82 | 204.7 | 204.4 | 205.9 | 206.7 | 206.1 | 206.4 |
| Paddy | 1.43 | 199.6 | 199.9 | 201.4 | 200.3 | 200.3 | 201.4 |
| Wheat | 1.03 | 207.8 | 206.5 | 209.0 | 211.8 | 211.5 | 211.3 |
| Pulses | 0.64 | 200.6 | 197.0 | 195.7 | 198.1 | 196.6 | 195.8 |
| Vegetables | 1.87 | 185.8 | 219.2 | 246.3 | 259.8 | 235.0 | 234.7 |
| Potato | 0.28 | 221.4 | 232.0 | 232.5 | 218.2 | 217.3 | 225.8 |
| Onion | 0.16 | 176.3 | 185.8 | 193.5 | 193.8 | 178.6 | 165.3 |
| Fruits | 1.60 | 224.8 | 204.3 | 191.0 | 197.6 | 200.8 | 195.7 |
| Milk | 4.44 | 190.1 | 190.2 | 190.4 | 190.7 | 190.8 | 191.2 |
| Eggs, Meat & Fish | 2.40 | 176.6 | 174.0 | 171.8 | 173.2 | 174.8 | 174.0 |
| B. Non-Food Articles | 4.12 | 158.5 | 160.7 | 164.7 | 169.1 | 167.3 | 164.4 |
| Oil Seeds | 1.12 | 184.0 | 190.6 | 197.8 | 203.6 | 202.1 | 196.8 |
| C. Minerals | 0.83 | 228.4 | 228.8 | 236.1 | 238.3 | 238.3 | 242.4 |
| D. Crude Petroleum & Natural gas | 2.41 | 138.8 | 139.2 | 141.2 | 139.7 | 140.6 | 136.2 |
| Crude Petroleum | 1.95 | 113.9 | 116.8 | 116.3 | 113.6 | 114.3 | 109.0 |
| II. FUEL & POWER | 13.15 | 142.9 | 142.3 | 143.7 | 143.5 | 143.4 | 145.0 |
| LPG | 0.64 | 120.3 | 118.8 | 115.2 | 113.0 | 107.5 | 108.4 |
| Petrol | 1.60 | 142.9 | 143.7 | 146.1 | 145.1 | 145.9 | 146.0 |
| HSD | 3.10 | 157.3 | 157.5 | 160.2 | 160.8 | 160.0 | 161.1 |
| III. MANUFACTURED PRODUCTS | 64.23 | 145.0 | 144.7 | 144.6 | 145.0 | 145.2 | 145.1 |
| Mf/o Food Products | 9.12 | 178.4 | 177.3 | 177.5 | 178.6 | 178.8 | 179.0 |
| Vegetable & Animal Oils and Fats | 2.64 | 185.7 | 181.5 | 182.2 | 185.2 | 186.4 | 186.8 |
| Mf/o Beverages | 0.91 | 135.4 | 135.4 | 135.1 | 135.6 | 135.7 | 135.9 |
| Mf/o Tobacco Products | 0.51 | 181.8 | 179.8 | 179.9 | 181.7 | 181.1 | 181.6 |
| Mf/o Textiles | 4.88 | 136.3 | 136.4 | 136.8 | 137.7 | 138.1 | 138.5 |
| Mf/o Wearing Apparel | 0.81 | 155.2 | 155.5 | 155.7 | 155.8 | 156.2 | 156.5 |
| Mf/o Leather and Related Products | 0.54 | 127.6 | 127.5 | 128.0 | 127.8 | 127.3 | 127.3 |
| Mf/o Wood and Products of Wood and Cork | 0.77 | 150.2 | 150.4 | 149.6 | 149.5 | 150.0 | 151.1 |
| Mf/o Paper and Paper Products | 1.11 | 140.1 | 140.0 | 139.9 | 139.9 | 140.3 | 140.3 |
| Mf/o Chemicals and Chemical Products | 6.47 | 137.2 | 137.1 | 137.1 | 137.2 | 137.1 | 136.8 |
| Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products | 1.99 | 145.9 | 145.7 | 146.0 | 145.6 | 145.8 | 146.2 |
| Mf/o Rubber and Plastics Products | 2.30 | 129.3 | 129.5 | 129.2 | 129.2 | 129.0 | 128.9 |
| Mf/o other Non-Metallic Mineral Products | 3.20 | 133.6 | 133.4 | 133.4 | 133.8 | 133.9 | 133.0 |
| Cement, Lime and Plaster | 1.64 | 133.0 | 132.8 | 132.8 | 133.5 | 133.7 | 132.0 |
| Mf/o Basic Metals | 9.65 | 140.2 | 138.6 | 137.2 | 137.6 | 137.4 | 137.1 |
| Mild Steel – Semi Finished Steel | 1.27 | 118.5 | 117.1 | 115.9 | 115.9 | 115.4 | 114.6 |
| Mf/o Fabricated Metal Products, Except Machinery and Equipment | 3.15 | 137.7 | 137.0 | 136.5 | 137.0 | 136.9 | 137.0 |
Note: * = Provisional. Mf/o = Manufacture of
Source: PIB
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