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Informist, Monday, Jun. 16, 2025

 

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--India May WPI inflation 0.39% vs 0.85% in Apr 
--Informist poll estimated India May WPI inflation at 0.7% 
--India May WPI food inflation at 1.72% vs 2.55% in Apr 
--India May WPI primary articles inflation at -2.02% vs -1.44% in Apr 
--India May WPI fuel and power inflation at -2.27% vs -2.18% in Apr 
--India May WPI manufactured products inflation at 2.04% vs 2.62% in Apr 
--India May WPI all commodities index down 0.1% on month 
--India May WPI food index up 0.1% on month 
--India May WPI primary articles index down 0.1% on month 
--India May WPI fuel and power group index down 1.0% on month 
--India May WPI manufactured products index flat on month 
--India May WPI vegetable index down 0.3% on month 
--India May WPI cereals index down 1.2% on month 
--India May WPI edible oils index down 1.8% on month 
--India May WPI basic metals index down 0.2% on month 
--India Mar WPI inflation rate revised to 2.25% vs 2.05% provisional 
--India May WPI core inflation rate at 0.9% vs 1.5% in Apr 
--India May WPI inflation of 0.39% lowest in 14 months

 

NEW DELHI - India's WPI inflation fell to a 14-month low of 0.39% in May largely because of lower vegetable and pulses prices, data released by the commerce ministry Monday showed. WPI inflation was 0.85% in April and 2.74% in May 2024.

 

At 0.39%, wholesale inflation for May is well below the consensus expectation. According to an Informist poll, WPI inflation in May was seen at 0.7%. The print for March was revised higher to 2.25% from the provisional estimate of 2.05%.

 

WPI vegetables inflation fell to a 28-month low of (-)21.62% last month from (-)18.26% in April, while pulses inflation declined to (-)10.41% in May, the lowest since November 2018. Overall, the food articles inflation fell to (-)1.56% in May, the lowest since September 2021.

 

The all commodities index of the WPI was down 0.1% on month in May, while the food index rose 0.1% from April. The primary articles index fell 0.1% on month in May, while the fuel and power index was down 1.0% from April. Fuel and power inflation fell to (-)2.27% in May from (-)2.18% in the previous month, while manufactured products inflation eased to 2.04% last month from 2.62% in April. 

 

Core WPI inflation--or inflation excluding food and fuel items--eased to a five-month low of 0.9% in May. Core WPI inflation was at 1.5% in April.

 

"As many as 20 of the 22 food items for which data is released by the Department of Consumer Affairs, reported an easing in their YoY (year-on-year) inflation rate in June 2025 (until Jun. 15) compared to May 2025, partly aided by a favourable base," Rahul Agrawal, senior economist at ICRA, said in a note. "Given these trends, ICRA expects the WPI-food inflation to soften further in June 2025 from 1.7% in May 2025.

 

WPI inflation remains well below its retail counterpart. Data released Thursday showed CPI inflation fell to 2.82% in May, the lowest since February 2019.

 

The following table details the sequential and annual increase in the main components of the WPI:

 

	Weight (%)	May (index)	Month-on-month change	Year-on-year change
				May	April
ALL COMMODITIES	100	154.1	(-)0.1%	0.39%	0.85%
PRIMARY ARTICLES	22.62	184.3	(-)0.1%	(-)2.02%	(-)1.44%
Food articles	15.26	196.2	0.6%	(-)1.56	(-)0.86%
Cereals	2.82	204.7	(-)1.2%	2.56%	3.81%
Pulses	0.64	200.6	(-)1.5%	(-)10.41%	(-)5.57%
Vegetables	1.87	185.3	(-)0.3%	(-)21.62%	(-)18.26%
Potato	0.28	220.0	7.6%	(-)29.42%	(-)24.30%
Onion	0.16	175.8	(-)14.0%	(-)14.41%	0.20%
Tomato	0.28	176.7	18.0%	(-)32.76%	(-)38.65%
Fruits	1.6	223.1	2.7%	10.17%	8.38%
Milk	4.44	188.9	1.3%	2.66%	0.59%
Eggs, meat, and fish	2.4	176.6	2.6%	(-)1.01%	(-)0.29%
Non-food articles	4.12	158.9	(-)0.6%	1.53%	1.40%
Oil seeds	1.12	184.2	0.7%	2.79%	1.89%
Minerals	0.83	228.1	(-)7.2%	0.44%	9.69%
Iron ore	0.21	134.0	(-)0.1%	(-)2.19%	1.28%
Crude petroleum	1.95	113.9	0.0%	(-)13.97%	(-)19.85%
FUEL and POWER	13.15	146.7	(-)1.0%	(-)2.27%	(-)2.18%
Coal	2.14	137.0	0.8%	0.88%	0.00%
Liquefied petroleum gas	0.64	120.3	(-)0.5%	0.25%	(-)0.41%
Petrol	1.6	144.4	(-)1.3%	(-)8.49%	(-)7.70%
High speed diesel	3.10	158.3	(-)1.1%	(-)5.61%	(-)5.04%
Electricity	3.06	151.6	0.8%	11.72%	6.59%
MANUFACTURED PRODUCTS	64.23	144.9	0.0%	2.04%	2.62%
Food products	9.12	178.4	(-)0.7%	8.75%	9.51%
Edible oils	2.64	186.7	(-)1.8%	26.49%	28.69%
Textiles	4.88	136.6	0.2%	0.66%	0.52%
Chemical, chemical products	6.47	137.2	(-)0.1%	1.03%	1.25%
Non-metallic mineral products	3.2	133.2	0.4%	0.68%	0.08%
Cement and lime	1.64	132.1	0.3%	(-)0.53%	(-)1.42%
Basic metals	9.65	140.2	(-)0.2%	(-)3.11%	(-)0.64%
Semi-finished steel	1.27	118.7	0.0%	(-)2.70%	0.25%

 

End

 

Reported by Shubham Rana

Edited by Vandana Hingorani

 

 

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