India’s wholesale price inflation fell to -0.58% in July on a year-over-year basis

Current Context: India’s wholesale price inflation fell to –0.58% YoY in July 2025, marking the second straight month of deflation.

• The data was released by the Ministry of Commerce & Industry on 14 August 2025.
• Major contributors to the decline included vegetables (–28.96%), food articles (–6.29%), and fuel & power (–2.43%).
• Despite the YoY drop, the WPI Index rose 0.39% month-on-month, indicating sequential price recovery.
• Manufactured products inflation edged up to 2.05%, showing resilience in industrial pricing.
• This deflationary trend is expected to ease input costs and support consumer demand.
• Retail inflation also cooled to 1.55%, its lowest in 8 years, reinforcing the soft price environment.

Question:

Q.1 According to data released by the Ministry of Commerce & Industry on 14 August 2025, what was India’s Wholesale Price Index (WPI) inflation for July 2025?
a) 0.39%
b) –0.58%
c) 1.55%
d) –2.43%

Answer: b) WPI inflation in July 2025 stood at –0.58% year-on-year, marking the second consecutive month of deflation.