India's Wholesale Inflation Falls To 13-Month Low In April
India's wholesale price inflation eased to the lowest in over a year at 0.85% in April, compared to 2.05% in March, data released by the Ministry of Commerce and Industry showed on Wednesday.
Commodities across the board saw a fall in wholesale prices. While wholesale inflation in primary articles—especially food—led the decline, prices of manufactured products too fell, along with a fall in fuel and power.
WPI Key Highlights
Inflation in manufactured products—the largest component of the index—rose by 2.62% versus 3.07%.
Primary articles inflation at -1.44% versus 0.76%.
Inflation in food articles—a sub-component of primary articles— fell -0.86% versus 1.57%.
Fuel and power inflation at -1.28% versus 0.2%.
Vegetables: -18.26% in April versus -15.88% in March vs -5.80%.
ICRA expects the WPI-food inflation to soften further in May 2025, aided by the favourable base as well as relatively favourable trends in wholesale prices of essential food items in the ongoing month so far.
Softening in commodity and crude oil prices, is also expected to augur well for the WPI print for May 2025, the agency said.
"Looking ahead, the IMD's expectation of an early monsoon onset in Kerala and an above normal monsoon in the country is a positive for crop output, and consequently, the food inflation outlook, although the spatial and temporal distribution of the same remains key," said Rahul Agrawal, senior economist, ICRA Ltd.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
