A view of the wholesale vegetables market at Vashi, in Navi Mumbai. The wholesale inflation declined to 0.39% in May.
| Photo Credit: PTI

Wholesale price inflation (WPI) declined to 0.39% in May as prices of food articles, manufactured products, and fuel eased, government data showed on Monday (June 16, 2025).

WPI-based inflation was 0.85% in April. It was 2.74% in May last year.

“Positive rate of inflation in May 2025 is primarily due to increase in prices of manufacture of food products, electricity, other manufacturing, chemicals and chemical products, manufacture of other transport equipment and non-food articles, etc,” the Industry Ministry said in a statement.

As per the WPI data, food articles saw a deflation of 1.56% in May, against a deflation of 0.86% in April, with vegetables seeing a sharp drop.

Deflation in vegetables was 21.62% in May, compared to 18.26%in April.

Manufactured products, however, saw inflation at 2.04%, compared to 2.62% in April.

Fuel and power, too, saw a deflation of 2.27% in May, compared to a 2.18% inflation in April.

The Reserve Bank of India (RBI) mainly takes into account retail inflation while formulating monetary policy.

Data released last week showed, retail inflation eased to over six-year-low of 2.82% in May mainly due subdued food prices.

The RBI this month cut benchmark policy interest rates by a sharp 0.50% to 5.50% amid easing inflation.