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India’s July wholesale prices fall 0.58% y/y

Deflation in food articles and fuel drove India's Wholesale Price Inflation to -0.58% in July, marking the second consecutive month of negative WPI, government data showed.

  • On Aug 14, 2025, India's Wholesale Price Inflation stayed in negative territory at 0.58%, marking a second consecutive month of deflation.
  • Amid declines in fuel & power, WPI eased further with food articles deflating 6.29 and fuel & power 2.43 in July, government data showed.
  • Vegetable prices plunged 28.96 in July, while manufactured products inflation rose to 2.05%, government data showed.
  • In response to easing retail inflation, the Reserve Bank of India kept benchmark policy rates unchanged earlier this month, as inflation declined to an eight-year low of 1.55%.
  • ICRA forecasts WPI will re-enter inflationary territory in August 2025, amid uncertainties over US sanctions on Russian oil importers.
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India's July Wholesale Prices Fall 0.58% Y/y

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Moneycontrol broke the news in India on Thursday, August 14, 2025.
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