Wholesale Inflation Goes Down By 0.32pc In November
The dwindling prices of food articles, oils and electricity led to the fall but it was still 0.71 pc up as compared to the previous month
New Delhi: Wholesale inflation in November this year was in a negative zone, down by 0.32 per cent due to falling prices of food articles, oils and electricity. However, the figure was still 0.71 per cent up as compared to the previous month, when the WPI recorded a sharp plunge registering at (-) 1.21 per cent in October and 2.16 per cent in November last year. This increase in November, however, is attributed to the month-on-month increase in the prices of pulses and vegetables, the government said on Monday.
The industry ministry, however, said that in overall wholesale price index or WPI-based inflation, food articles continued to witness deflation for the past eight months, beginning in April. “It narrowed sharply in November at 4.16 per cent, from 8.31 per cent in October,” the ministry said.
“However, on an annual basis, the negative rate of inflation during November was primarily due to decrease in prices of food articles, mineral oils, crude petroleum & natural gas, manufacture of basic metals and electricity,” the ministry said in a statement.
As far as food inflation is concerned, the ministry also said that in the vegetable segment, deflation was 20.23 per cent in November, as against 34.97 per cent in October. “In pulses, deflation was at 15.21 per cent in November, while in potato and onion it was 36.14 per cent and 64.70 per cent, respectively,” the ministry data showed.
In the case of manufactured products, the data showed that inflation eased to 1.33 per cent in November, as against 1.54 per cent in October. “Fuel and power witnessed a negative inflation or deflation of 2.27 per cent, as against 2.55 per cent in October,” it said.
Icra chief economist Aditi Nayar said that the WPI deflation narrowed faster than expected to 0.3 per cent in November 2025, from 1.2 per cent in October 2025, reflecting the base effect, weakening INR and rising prices of some commodities.
“With the further depreciation in the INR, hardening commodity prices, and unseasonal rise in vegetable prices, and despite softening crude oil, we expect the WPI to move into a year-on-year inflation of around 0.5 per cent in December 2025,” Nayar added