2025.12.1506:37:50UTC+00India Wholesale Prices Fall Less than Expected

In November 2025, India's wholesale prices experienced a year-on-year decline of 0.32%. This decrease was less than the anticipated 0.6% drop and followed a 1.21% reduction in October. This period marks the second consecutive month of falling wholesale prices, although the rate of decline has softened since October, which saw the most significant drop since July 2023. The more gradual decline can largely be attributed to a slower decrease in food prices, which fell by 2.60% compared to a 5.04% reduction in the previous month. Notably, the prices of onions decreased by 64.70%, potatoes by 36.14%, vegetables by 20.33%, and pulses by 15.21%. Similarly, fuel prices also showed a milder decline at 2.27%, compared to 2.55% in October, with prices for liquefied petroleum gas (LPG) decreasing by 12.78%, petrol by 1.75%, and high-speed diesel (HSD) by 1.64%. Furthermore, manufacturing inflation slowed to 1.33%, down from 1.54% in October, reaching its lowest rate since September 2024. Significant reductions in inflation were seen in sectors such as food products (0.62% from 1.76%), pharmaceuticals, medicinal chemical and botanical products (1.39% from 1.88%), and cement, lime & plaster (0.08% from 2.48%).