India’s WPI Inflation Turns Positive at 0.52% in August 2025 as Food and Manufacturing Lift Index to 155.2

Authored By Shishta Dutta | Published at: Sep 15, 2025 04:54 PM IST

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New Delhi, September 15, 2025: India’s wholesale inflation has turned positive in August, 2025. This comes after the Wholesale Price Index (WPI) has jumped by 0.52% year-on-year, and with the same percentage of 0.52 month-on-month. Meanwhile, the headline index was at 155.2 points, driven majorly by firm food prices and steady gains in core manufacturing, even when fuel and power dragged below.

Headline and Components: Before vs After

Indicator	Jul 2025 Index	Aug 2025 Index	YoY Inflation Jul 2025	YoY Inflation Aug 2025	MoM Change Aug 2025
All Commodities	154.4	155.2	-0.58%	0.52%	0.52%
Primary Articles	188.0	191.0	-4.95%	-2.10%	1.60%
Fuel & Power	144.6	143.6	-2.43%	-3.17%	-0.69%
Manufactured Products	144.6	144.9	2.05%	2.55%	0.21%
Food Index	191.3	193.5	-2.15%	0.21%	1.15%

The Comprehensive Movement

In regards to WPI, food was the major swinging factor. The Food Index jumped to 193.5 points, resulting in turning the annual inflation slightly higher at 0.21%. Within food, vegetables increased 5.60% month-on-month. However, their annual print was sharply negative at −14.18%. Onions increased 0.16% month-on-month but remained negative 50.46% year-on-year. Furthermore, potatoes slipped 5.82% month-on-month and 44.11% year-on-year. Pulses saw a 1.58% month-on-month rise but remained 14.85% lower year-on-year. Edible oils and fats in manufacturing were up 22.92% year-on-year.

Fuel and power remained muted. The subgroup fell 0.69% month-on-month and 3.17% year-on-year, with electricity down 2.91% month-on-month and petrol and diesel indices fell year-on-year.

Core manufacturing held firm. Manufactured Products rose 0.21% month-on-month and 2.55% year-on-year. Gains were seen across food products, textiles, electrical equipment, other transport equipment, and machinery. Basic metals fell 0.65% year-on-year.

A return to positive wholesale inflation in August suggests that pressures are stabilising, majorly through food and select manufacturing categories. This is despite energy remaining a counterweight. Sequential firmness in core items and the turn in the Food Index will be watched for pass-through to consumer prices in the coming months.

REF: https://www.pib.gov.in/PressReleaseIframePage.aspx?PRID=2166676

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