Wholesale Price Index Shows 0.13% Annual Inflation in September

WPI for September 2025 shows 0.13% annual inflation. Primary articles, fuel, and manufactured products impacted month-over-month prices in India.

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The annual rate of inflation based on All India Wholesale Price Index (WPI) number is 0.13% (provisional) for the month of September, 2025 (over September, 2024). 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 etc. The index numbers and inflation rate for the last three months of all commodities and WPI components are given below:

Index Numbers and Annual Rate of Inflation (Y-o-Y in %) *

All Commodities/Major Groups

Weight (%)

Jul-25(F)

Aug-25(P)

Sep-25(P)

Index

Inflation

Index

Inflation

Index

Inflation

All Commodities

100.00

154.4

-0.58

155.2

0.52

154.9

0.13

I. Primary Articles

22.62

188.5

-4.70

191.0

-2.10

189.0

-3.32

II. Fuel & Power

13.15

143.7

-3.04

143.6

-3.17

143.4

-2.58

III. Manufactured Products

64.23

144.6

2.05

144.9

2.55

145.2

2.33

Food Index

24.38

191.4

-2.10

193.5

0.21

192.0

-1.99

Note: F: Final, P: Provisional, *Annual rate of WPI inflation calculated over the corresponding month of previous year

The month over month change in WPI for the month of September, 2025 stood at (-) 0.19% as compared to August, 2025. The monthly change in WPI for last six-month is summarized below:

Month Over Month (M-o-M in %) change in WPI Index#

All Commodities/Major Groups

Weight

Apr-25

May-25

Jun-25

Jul-25(F)

Aug-25(P)

Sep-25(P)

All Commodities

100.00

-0.39

-0.32

0.00

0.46

0.52

-0.19

I. Primary Articles

22.62

-0.05

-0.32

0.70

1.29

1.33

-1.05

II. Fuel & Power

13.15

-4.21

-1.92

-0.42

0.98

-0.07

-0.14

III. Manufactured Products

64.23

0.21

0.07

-0.21

-0.07

0.21

0.21

Food Index

24.38

0.74

-0.42

0.16

0.63

1.10

-0.78

Note: F: Final, P: Provisional, #Monthly rate of change, based on month over month (M-o-M) WPI calculated over the preceding month

Month-over-Month Change in Major Groups of WPI:

  1. Primary Articles (Weight 22.62%): - The index for this major group decreased by 1.05 % from 191.0 (provisional) for the month of August, 2025 to 189.0 (provisional) in September, 2025. Price of food articles (-1.38%) and non-food articles (-1.06%) decreased in September, 2025 as compared to August, 2025. The price of minerals (1.36%) and Crude Petroleum & Natural Gas (0.64%) increased in September, 2025 as compared to August, 2025.
  1. Fuel & Power (Weight 13.15%): - The index for this major group decreased by 0.14% from 143.6 (provisional) for the month of August, 2025 to 143.4 (provisional) in September, 2025. The price of and mineral oils (-0.54%) and coal (-0.15%) decreased in September, 2025 as compared to August, 2025. The price of electricity (1.20%) increased in September, 2025 as compared to August, 2025.
  1. Manufactured Products (Weight 64.23%): - The index for this major group increased by 0.21% from 144.9 (provisional) for the month of August, 2025 to 145.2 (provisional) in September, 2025. Out of the 22 NIC two-digit groups for manufactured products, 10 groups witnessed an increase in prices, 6 groups witnessed a decrease in prices and 6 groups witnessed no change in prices. Some of the important groups that showed month-over-month increase in prices were other manufacturing; food products; electrical equipment; textiles and other non-metallic mineral products etc. Some of the groups that witnessed a decrease in prices were manufacture of rubber and plastics products; motor vehicles, trailers and semi-trailers; pharmaceuticals, medicinal chemical and botanical products; leather and related products and printing and reproduction of recorded media etc. in September, 2025 as compared to August, 2025.

WPI Food Index (Weight 24.38%): The Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group have decreased from 193.5 in August, 2025 to 192.0 in September, 2025. The rate of inflation (Y-o-Y) based on WPI Food Index decreased to (-) 1.99% in September, 2025 from 0.21% in August, 2025.

Final Index for the month of July, 2025 (Base Year: 2011-12=100): For the month of July, 2025, the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 154.4 and (-) 0.58% respectively.

The details of all India Wholesale Price Indices and Rates of Inflation for different commodity groups based on updated figures are at Annex I. The Annual rate of Inflation (Y-o-Y) based on WPI for different commodity groups in the last six months is at Annex II. WPI for different commodity groups in the last six months is at Annex III.

Response Rate: The WPI for September, 2025 has been compiled at a weighted response rate of 80.2 per cent, while the final figure for July, 2025 is based on the weighted response rate of 94.7 per cent. The provisional figures of WPI will undergo revision as per the revision policy of WPI. This press release, item indices, and inflation numbers are available at our website https://eaindustry.nic.in.

Next date of Press Release: WPI for the month of October, 2025 would be released on 14/11/2025.

Note: DPIIT releases index number of wholesale price in India on monthly basis on 14th of every month (or next working day, if 14th falls on holiday) with a time lag of two weeks of the reference month, and the index number is compiled with data received from institutional sources and selected manufacturing units across the country. This press release contains WPI (Base Year 2011-12=100) for the month of September, 2025 (Provisional), July, 2025 (Final) and other months/years. Provisional figures of WPI are finalised after 10 weeks (from the month of reference), and frozen thereafter.

Annex-I 

All India Wholesale Price Indices and Rates of Inflation (Base Year: 2011-12=100) for September, 2025

Commodities/Major Groups/Groups/Sub-Groups/Items

Weight

Index

Sep-25*

Latest month over Month (MoM)

Inflation (YoY)

Rate of Inflation (YoY)

Aug-Sep 2024

Aug-Sep

2025*

2024-25 (Apr-Sep)

2025-26 (Apr-Sep)

September 2024

September

2025*

ALL COMMODITIES

100.00

154.90

0.19

-0.19

2.10

0.14

1.91

0.13

I. PRIMARY ARTICLES

22.62

189.00

0.21

-1.05

5.60

-2.69

6.48

-3.32

A. Food Articles

15.26

199.80

0.86

-1.38

7.71

-3.26

11.48

-5.22

Cereals

2.82

206.10

1.08

-0.29

8.84

1.65

8.50

-0.34

Paddy

1.43

200.30

0.69

0.00

10.78

0.16

8.77

-1.52

Wheat

1.03

211.50

1.58

-0.14

6.72

4.82

7.71

2.97

Pulses

0.64

196.60

1.58

-1.21

18.53

-13.00

12.94

-17.19

Vegetables

1.87

235.00

2.51

-9.72

14.57

-21.86

48.97

-24.41

Potato

0.28

217.30

-4.42

-1.23

73.51

-36.52

77.29

-42.24

Onion

0.16

178.60

26.10

-7.84

75.94

-41.05

81.43

-63.79

Fruits

1.60

200.80

0.77

1.62

9.68

2.97

12.17

-4.06

Milk

4.44

190.80

-0.32

0.05

3.94

2.47

2.94

2.97

Eggs, Meat & Fish

2.40

174.80

-0.29

0.92

-0.81

-0.23

-0.92

1.27

B. Non-Food Articles

4.12

167.30

1.25

-1.06

-2.48

2.90

-1.46

3.14

Oil Seeds

1.12

202.10

3.36

-0.69

-4.06

7.29

-0.49

9.48

C. Minerals

0.83

238.30

-1.93

1.36

5.39

2.69

1.04

6.77

D. Crude Petroleum & Natural gas

2.41

140.60

-5.74

0.64

3.67

-10.45

-13.04

-3.76

Crude Petroleum

1.95

114.30

-6.16

0.62

3.04

-13.84

-16.78

-7.45

II. FUEL & POWER

13.15

143.40

-0.74

-0.14

-0.34

-3.42

-3.85

-2.58

LPG

0.64

107.50

2.10

-4.87

3.92

-0.91

13.18

-7.96

Petrol

1.60

145.90

-1.43

0.55

-2.28

-6.52

-7.10

-3.82

HSD

3.10

160.00

-0.96

-0.50

-2.46

-4.55

-5.33

-3.09

III. MANUFACTURED PRODUCTS

64.23

145.20

0.42

0.21

1.00

2.26

1.07

2.33

Mf/o Food Products

9.12

178.80

2.70

0.22

4.03

7.20

6.61

4.56

Vegetable & Animal Oils and Fats

2.64

186.40

8.17

0.76

2.07

22.50

14.09

14.50

Mf/o Beverages

0.91

135.70

0.22

0.07

1.99

1.42

2.28

1.04

Mf/o Tobacco Products

0.51

181.10

0.85

0.67

2.17

2.55

2.13

2.03

Mf/o Textiles

4.88

138.10

-0.07

0.22

0.75

0.74

1.12

1.69

Mf/o Wearing Apparel

0.81

156.20

0.46

0.19

1.72

1.81

1.99

1.69

Mf/o Leather and Related Products

0.54

127.30

0.08

-0.47

-0.03

2.68

0.89

1.84

Mf/o Wood and Products of Wood and Cork

0.77

150.00

-0.60

0.00

2.99

0.55

1.43

0.94

Mf/o Paper and Paper Products

1.11

140.30

0.00

0.36

-2.48

0.98

1.01

0.36

Mf/o Chemicals and Chemical Products

6.47

137.10

-0.15

0.00

-1.21

0.66

0.15

0.44

Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products

1.99

145.80

-0.48

-0.14

1.13

1.13

0.98

1.18

Mf/o Rubber and Plastics Products

2.30

129.00

-0.31

-0.39

0.90

0.61

0.55

0.23

Mf/o other Non-Metallic Mineral Products

3.20

133.90

0.62

0.15

-2.87

1.79

-3.26

2.53

Cement, Lime and Plaster

1.64

133.70

0.94

0.45

-5.24

1.78

-6.19

3.72

Mf/o Basic Metals

9.65

137.40

-0.43

0.00

-0.91

-1.81

-3.71

-0.22

Mild Steel - Semi Finished Steel

1.27

115.40

-0.26

-0.43

-3.05

-1.07

-6.24

1.14

Mf/o Fabricated Metal Products, Except Machinery and Equipment

3.15

136.90

-0.22

0.00

-2.08

0.50

-2.22

0.44

Note: * = Provisional. Mf/o = Manufacture of

Annex-II

WPI Inflation (Base Year: 2011-12=100) for last 6 months

Commodities/Major Groups/Groups/Sub-Groups/Items

Weight

WPI based inflation (YoY) figures for last 6 months

Apr-25

May-25

Jun-25

Jul-25

Aug-25*

Sep-25*

ALL COMMODITIES

100.00

0.85

0.13

-0.19

-0.58

0.52

0.13

I. PRIMARY ARTICLES

22.62

-0.91

-1.75

-3.22

-4.70

-2.10

-3.32

A. Food Articles

15.26

0.30

-1.25

-3.65

-6.29

-3.06

-5.22

Cereals

2.82

3.86

2.56

1.44

1.43

1.03

-0.34

Paddy

1.43

2.03

0.96

0.25

0.15

-0.84

-1.52

Wheat

1.03

7.41

5.75

3.77

4.40

4.75

2.97

Pulses

0.64

-5.57

-10.41

-14.09

-15.21

-14.85

-17.19

Vegetables

1.87

-17.16

-21.40

-22.65

-29.02

-14.18

-24.41

Potato

0.28

-23.93

-28.97

-32.50

-41.54

-44.11

-42.24

Onion

0.16

0.20

-14.17

-33.45

-44.38

-50.46

-63.79

Fruits

1.60

17.06

11.01

1.69

-2.65

-4.86

-4.06

Milk

4.44

1.08

3.32

2.53

2.37

2.58

2.97

Eggs, Meat & Fish

2.40

-0.29

-1.01

-0.29

-1.09

0.06

1.27

B. Non-Food Articles

4.12

1.52

1.28

2.16

3.65

5.56

3.14

Oil Seeds

1.12

1.95

2.68

5.89

9.77

13.94

9.48

C. Minerals

0.83

1.79

0.57

-0.35

4.19

3.30

6.77

D. Crude Petroleum & Natural gas

2.41

-15.55

-11.54

-10.77

-10.58

-9.87

-3.76

Crude Petroleum

1.95

-19.85

-13.97

-12.31

-14.86

-13.68

-7.45

II. FUEL & POWER

13.15

-3.76

-4.80

-3.13

-3.04

-3.17

-2.58

LPG

0.64

-0.41

0.25

2.68

1.23

-1.22

-7.96

Petrol

1.60

-7.70

-9.44

-6.57

-5.74

-5.72

-3.82

HSD

3.10

-5.04

-6.20

-5.12

-4.30

-3.54

-3.09

III. MANUFACTURED PRODUCTS

64.23

2.62

2.11

1.90

2.05

2.55

2.33

Mf/o Food Products

9.12

9.45

8.45

6.87

6.86

7.15

4.56

Vegetable & Animal Oils and Fats

2.64

28.21

25.81

22.30

22.04

22.92

14.50

Mf/o Beverages

0.91

1.96

1.65

1.50

1.20

1.19

1.04

Mf/o Tobacco Products

0.51

2.95

4.30

2.04

1.81

2.22

2.03

Mf/o Textiles

4.88

0.88

0.44

0.00

0.00

1.40

1.69

Mf/o Wearing Apparel

0.81

0.72

2.11

2.10

2.30

1.96

1.69

Mf/o Leather and Related Products

0.54

3.72

2.90

2.33

2.89

2.40

1.84

Mf/o Wood and Products of Wood and Cork

0.77

0.80

0.47

0.60

0.13

0.33

0.94

Mf/o Paper and Paper Products

1.11

1.96

1.45

1.16

1.01

0.00

0.36

Mf/o Chemicals and Chemical Products

6.47

1.40

1.03

0.51

0.29

0.29

0.44

Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products

1.99

1.39

1.32

1.18

0.90

0.83

1.18

Mf/o Rubber and Plastics Products

2.30

1.72

0.78

0.54

0.08

0.31

0.23

Mf/o other Non-Metallic Mineral Products

3.20

-0.38

0.98

2.07

2.62

3.00

2.53

Cement, Lime and Plaster

1.64

-2.32

0.15

1.92

3.19

4.23

3.72

Mf/o Basic Metals

9.65

-0.92

-3.11

-3.28

-2.56

-0.65

-0.22

Mild Steel - Semi Finished Steel

1.27

0.42

-2.87

-3.78

-2.36

1.31

1.14

Mf/o Fabricated Metal Products, Except Machinery and Equipment

3.15

0.59

0.95

0.66

0.15

0.22

0.44

Note: * = Provisional. Mf/o = Manufacture of

Annex-III

Wholesale Price Indices (Base Year: 2011-12=100) for last 6 months

Commodities/Major Groups/Groups/Sub-Groups/Items

Weight

WPI Numbers for last 6 months

Apr-25

May-25

Jun-25

Jul-25

Aug-25*

Sep-25*

ALL COMMODITIES

100.00

154.2

153.7

153.7

154.4

155.2

154.9

I. PRIMARY ARTICLES

22.62

185.4

184.8

186.1

188.5

191.0

189.0

A. Food Articles

15.26

197.4

196.8

198.0

199.7

202.6

199.8

Cereals

2.82

207.2

204.7

204.4

205.9

206.7

206.1

Paddy

1.43

201.4

199.6

199.9

201.4

200.3

200.3

Wheat

1.03

211.6

207.8

206.5

209.0

211.8

211.5

Pulses

0.64

203.6

200.6

197.0

195.7

199.0

196.6

Vegetables

1.87

188.3

185.8

219.2

246.3

260.3

235.0

Potato

0.28

205.4

221.4

232.0

232.5

220.0

217.3

Onion

0.16

204.5

176.3

185.8

193.5

193.8

178.6

Fruits

1.60

234.7

224.8

204.3

191.0

197.6

200.8

Milk

4.44

187.3

190.1

190.2

190.4

190.7

190.8

Eggs, Meat & Fish

2.40

172.1

176.6

174.0

171.8

173.2

174.8

B. Non-Food Articles

4.12

160.1

158.5

160.7

164.7

169.1

167.3

Oil Seeds

1.12

183.0

184.0

190.6

197.8

203.5

202.1

C. Minerals

0.83

228.0

228.4

228.8

236.1

235.1

238.3

D. Crude Petroleum & Natural gas

2.41

137.4

138.8

139.2

141.2

139.7

140.6

Crude Petroleum

1.95

113.9

113.9

116.8

116.3

113.6

114.3

II. FUEL & POWER

13.15

145.7

142.9

142.3

143.7

143.6

143.4

LPG

0.64

120.9

120.3

118.8

115.2

113.0

107.5

Petrol

1.60

146.3

142.9

143.7

146.1

145.1

145.9

HSD

3.10

160.0

157.3

157.5

160.2

160.8

160.0

III. MANUFACTURED PRODUCTS

64.23

144.9

145.0

144.7

144.6

144.9

145.2

Mf/o Food Products

9.12

179.5

178.4

177.3

177.5

178.4

178.8

Vegetable & Animal Oils and Fats

2.64

189.5

185.7

181.5

182.2

185.0

186.4

Mf/o Beverages

0.91

135.5

135.4

135.4

135.1

135.6

135.7

Mf/o Tobacco Products

0.51

181.5

181.8

179.8

179.9

179.9

181.1

Mf/o Textiles

4.88

136.9

136.3

136.4

136.8

137.8

138.1

Mf/o Wearing Apparel

0.81

154.2

155.2

155.5

155.7

155.9

156.2

Mf/o Leather and Related Products

0.54

128.2

127.6

127.5

128.0

127.9

127.3

Mf/o Wood and Products of Wood and Cork

0.77

150.6

150.2

150.4

149.6

150.0

150.0

Mf/o Paper and Paper Products

1.11

140.6

140.1

140.0

139.9

139.8

140.3

Mf/o Chemicals and Chemical Products

6.47

137.6

137.2

137.1

137.1

137.1

137.1

Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products

1.99

145.5

145.9

145.7

146.0

146.0

145.8

Mf/o Rubber and Plastics Products

2.30

130.3

129.3

129.5

129.2

129.5

129.0

Mf/o other Non-Metallic Mineral Products

3.20

132.1

133.6

133.4

133.4

133.7

133.9

Cement, Lime and Plaster

1.64

130.5

133.0

132.8

132.8

133.1

133.7

Mf/o Basic Metals

9.65

140.1

140.2

138.6

137.2

137.4

137.4

Mild Steel - Semi Finished Steel

1.27

118.9

118.5

117.1

115.9

115.9

115.4

Mf/o Fabricated Metal Products, Except Machinery and Equipment

3.15

136.8

137.7

137.0

136.5

136.9

136.9

WPI Wholesale Price Index