India’s Wholesale Price Inflation Down to 0.85% in April

India’s wholesale price inflation in April came down significantly to 0.85% (year-on-year) from 2.05% in March. On a month-on-month basis, wholesale price inflation was -0.19% in April. This means that average wholesale prices fell in April in comparison to March.

Wholesale Inflation in Primary Articles

Wholesale price inflation in primary articles in April stood at -1.44% on year-on-year (y-o-y) basis. Primary articles are goods that are used as raw materials in the processing or manufacturing of other goods.

Fuel & Power Wholesale Prices Come Down

In fuel & power, wholesale price inflation in the month stood at – 2.18% y-o-y. So, fuel & power prices were down in April 2025 when compared to April 2024. A milder summer when compared to the summer of the previous year may have contributed to keeping fuel & power prices lower.

Whole Inflation Rate in Manufactured and Food Products Slows Down in April

For manufactured products, wholesale price inflation in April stood at 2.62%. Wholesale price inflation in food was also positive in April, at 2.55% y-o-y. In March, wholesale price inflation in food products stood at 4.66%. In manufactured products it was 3.07% in March.

Data Source: Ministry of Commerce & Industry, GOI

Wholesale price inflation is inflation at the wholesale level or producer level, before the goods are sold to final consumers. A decline in wholesale price inflation gets translated into decline in retail inflation too. The slowing of wholesale inflation in April may therefore also be good news for retail inflation. Decline in retail inflation will be a boost to the economy at this time.

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Source: https://eaindustry.nic.in/pdf_files/cmonthly.pdf