India's wholesale inflation slows to 0.13% in September

India’s wholesale inflation, measured by the Wholesale Price Index (WPI), slowed to 0.13% in September on a year-on-year basis, down from 0.52% in August, according to data released by the Commerce Ministry on Tuesday.

The government said in a press release, “Positive rate of inflation in September 2025 is primarily due to increase in prices of manufacture of food products, other manufacturing, non-food articles, other transport equipment, and textiles.”

Wholesale food inflation fell 1.99% as against a growth of 0.21% on an annual basis in September.



The inflation in fuel & power segment stood at -2.58% in September 2025 as against a contraction of 3.17% in August.

For the primary articles segment, the inflation rate in September contracted 3.32% as against a contraction of 2.10% in the preceding month.

Alongside wholesale data, the government also released retail inflation figures, which eased to 1.5% year-on-year in September, the lowest level since June 2017. This decline was largely driven by lower food prices.

The retail inflation rate remaining below the Reserve Bank of India’s target band of 2-6% marks the second consecutive instance of subdued price growth, following a rate of 1.6% in July.

Overall, the data reflects continued moderation in price pressures across both wholesale and retail segments.