The Ministry of Commerce and Industry reported that the annual rate of inflation based on the All India Wholesale Price Index (WPI) increased to 0.13 percent (provisional) for the month of September 2025, compared to the same month last year. This result marks a positive annual inflation rate, following a slightly higher provisional rate of 0.52 percent in August 2025.
The positive inflation in September 2025 was primarily driven by an increase in prices within the Manufactured Products group, specifically in the manufacture of food products, other manufacturing, and textiles.
Annual WPI Inflation Summary (Year-on-Year)
The year-on-year data shows Manufactured Products continuing to face inflationary pressure, while Primary Articles and Fuel and Power remained deflationary.
| Major Group | Weight (percent) | Jul-25 (Final) | Aug-25 (Prov.) | Sep-25 (Prov.) | Trend |
| All Commodities | 100.00 | -0.58 percent | 0.52 percent | 0.13 percent | Positive |
| I. Primary Articles | 22.62 | -4.70 percent | -2.10 percent | -3.32 percent | Deflationary |
| II. Fuel & Power | 13.15 | -3.04 percent | -3.17 percent | -2.58 percent | Deflationary |
| III. Manufactured Products | 64.23 | 2.05 percent | 2.55 percent | 2.33 percent | Inflationary |
| WPI Food Index | 24.38 | -2.10 percent | 0.21 percent | -1.99 percent | Deflationary |
Month-over-Month (M-o-M) Change
The overall WPI experienced a slight decrease of -0.19 percent in September 2025 compared to August 2025.
| Major Group | Aug-25 (Prov.) | Sep-25 (Prov.) | Key Drivers |
| All Commodities | 0.52 percent | -0.19 percent | Overall decrease. |
| I. Primary Articles | 1.33 percent | -1.05 percent | Decrease driven by falling prices for food and non-food articles. |
| II. Fuel & Power | -0.07 percent | -0.14 percent | Decrease driven by mineral oils and coal. |
| III. Manufactured Products | 0.21 percent | 0.21 percent | Increase driven by food products, electrical equipment, and textiles. |
Sectoral Highlights
Primary Articles: The index saw a decrease of -1.05 percent month-over-month. This decline was primarily led by falling prices in Vegetables (-9.72 percent M-o-M) and Pulses (-1.21 percent M-o-M). However, Crude Petroleum and Natural Gas prices increased by 0.64 percent M-o-M.
Fuel & Power: The index saw a minimal decrease of -0.14 percent M-o-M. Within this group, the price of Electricity rose by 1.20 percent, while the year-on-year inflation for LPG showed a sharp fall of -7.96 percent.
Manufactured Products: The index saw a flat month-over-month increase of 0.21 percent, indicating sustained inflationary pressure from the industrial sector. Noteworthy price increases were seen in Food Products and Textiles. Conversely, prices decreased for Rubber and Plastics Products and Motor Vehicles.
WPI Food Index: The combined Food Index experienced a -0.78 percent drop month-over-month. The annual inflation rate for the Food Index swung significantly from 0.21 percent in August 2025 to -1.99 percent in September 2025, primarily driven by the steep annual price drop in Onion (-63.79 percent Y-o-Y) and Potato (-42.24 percent Y-o-Y).