India’s Wholesale Price Inflation Rises To Two-Month High Of 2.38% In February; Details Here

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Positive rate of inflation in February 2025 is primarily due to increase in prices of manufacture of food products, food articles, other manufacturing, non-food articles and manufacture of textiles, etc, according to an official statement.

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India wholesale price inflation, based on the Wholesale Price Index (WPI), rose to 2.38 per cent in February 2025, compared with 2.31 per cent in the previous month, according to the latest official data released on Monday.

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“The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 2.38% (provisional) for the month of February 2025 (over February 2024). Positive rate of inflation in February 2025 is primarily due to increase in prices of manufacture of food products, food articles, other manufacturing, non-food articles and manufacture of textiles, etc,” the commerce and industry ministry said in a statement.

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As per the data, inflation in manufactured food products rose to 11.06 per cent, vegetable oil rose by 33.59 per cent, while beverages increased marginally to 1.66 per cent during the month.

However, prices of vegetables cooled with potato prices dropping to 27.54 per cent from 74.28 per cent during the month. The fuel and power category witnessed a deflation of 0.71 per cent in February, against a deflation of 2.78 per cent in the previous month.

Meanwhile, India’s retail inflation, based on the Consumer Price Index, eased a seven-month low of 3.61 per cent in February 2025, mainly on account of lower rate of price rise in vegetables and protein-rich items, according to the official data released last week.

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The fall in CPI inflation rate in February has set the stage for the RBI MPC’s second rate cut in its April meeting. In February, the MPC reduced the repo rate by 25 basis points, first such cut in five years. The policy rate is likely to fall to 6 per cent in April with another 25 bps cut on the anvil.