This report from the Ministry of Commerce indicates that the annual rate of inflation, based on the Wholesale Price Index (WPI), is provisionally estimated at 0.39% for May 2025, compared to May 2024. The positive inflation rate is attributed to increases in the prices of manufactured food products, electricity, other manufacturing, chemicals and chemical products, other transport equipment, and non-food articles. The WPI Food Index increased from 189.3 in April 2025 to 189.5 in May 2025, with the rate of inflation decreasing from 2.55% to 1.72% respectively. The month-over-month change in the WPI for May 2025 was 0.06% compared to April 2025.
Key Entities Referenced
Ministry of Commerce Industry: The government ministry responsible for the index numbers of wholesale price in India.
Index Numbers of Wholesale Price in India: The main subject of the policy document, indicating the WPI for May 2025.
May, 2025: The month and year to which the wholesale price index primarily applies.
201112: The base year for the Wholesale Price Index (WPI) calculation (2011-2012).
PIB Delhi: Press Information Bureau, Delhi - the source of the posted information.
All India Wholesale Price Index WPI: The comprehensive index used to measure inflation across India.
May, 2024: The month and year used as a comparison point for the annual rate of inflation.
Primary Articles: One of the major groups in WPI components
Fuel Power: One of the major groups in WPI components
Manufactured Products: One of the major groups in WPI components
Food Index: Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group.
March, 2025: A month for which the final Wholesale Price Index is mentioned.
Annex I: Refers to a section containing 'All India Wholesale Price Indices and Rates of Inflation Base Year: 201112100 for May, 2025'
Annex II: Refers to a section containing 'WPI Inflation Base Year: 201112100 for last 6 months'
Annex III: Refers to a section containing 'Wholesale Price Indices Base Year: 201112100 for last 6 months'
June, 2025: The month for which the next WPI will be released.
1407205: Date in DDMMYYYY format, when WPI for the month of June, 2025 would be released.
DPIIT: Releases index number of wholesale price in India on monthly basis
NIC: Two-digit groups for manufactured products
http:eaindustry.nic.in: A website where the press release, item indices, and inflation numbers are available.
Ministry of Commerce & Industry
Index Numbers of Wholesale Price in India for the
Month of May, 2025 (Base Year: 2011-12)
Posted On: 16 JUN 2025 12:00PM by PIB Delhi
The annual rate of inflation based on All India Wholesale Price Index (WPI) number is 0.39% (provisional)
for the month of May, 2025 (over May, 2024). 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 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 %) *
A l l March-25 (F) April-25 (P) May-25 (P)
Commodi W e i g h t
ties/Major (%) Index Inflation Index Inflation Index Inflation
Groups
A l l
Commodit 100.00 154.8 2.25 154.2 0.85 154.1 0.39
ies
I. Primary
22.62 185.5 1.26 184.4 -1.44 184.3 -2.02
Articles
II. Fuel &
13.15 152.1 0.00 148.1 -2.18 146.7 -2.27
Power
I I I .
Manufactu
64.23 144.6 3.21 144.9 2.62 144.9 2.04
r e d
Products
F o o d
24.38 189.3 4.93 189.3 2.55 189.5 1.72
Index
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 May, 2025 stood at (-) 0.06% as compared to April,
2025. The monthly change in WPI for last six-month is summarized below:
Month Over Month (M-o-M in %) change in WPI Index#
A l l
Commodi M a r - 2 5 A p r - 2 5 May-25
Weight Dec-24 Jan-25 Feb-25 (F)
ties/Major (P) (P) (P)
Groups
A l l 100.00 -0.45 -0.45 -0.06 -0.06 -0.39 -0.06Commodit
ies
I. Primary
22.62 -2.07 -2.12 -1.53 -0.70 -0.59 -0.05
Articles
II. Fuel &
13.15 1.27 0.13 0.92 -0.85 -2.63 -0.95
Power
I I I .
Manufactu
64.23 -0.07 0.28 0.42 0.42 0.21 0.00
r e d
Products
F o o d
24.38 -2.10 -2.30 -1.10 -0.05 0.00 0.11
Index
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:
i. Primary Articles (Weight 22.62%): - The index for this major group decreased by 0.05 % to 184.3
(provisional) in May, 2025 from 184.4 (provisional) for the month of April, 2025. Price of minerals (-
7.16%) and non-food articles (-0.63%) decreased in May, 2025 as compared to April, 2025. The price of
food articles (0.56%) increased in May, 2025 as compared to April, 2025.
ii. Fuel & Power (Weight 13.15%): - The index for this major group declined by 0.95% to 146.7
(provisional) in May, 2025 from 148.1 (provisional) for the month of April, 2025. Price of mineral oils
(-2.06%) decreased in May, 2025 as compared to April, 2025. The price of coal (0.81%) and electricity
(0.80%) increased in May, 2025 as compared to April, 2025.
iii. Manufactured Products (Weight 64.23%): - The index for this major group remained unchanged at
144.9 (Provisional) in May, 2025. Out of the 22 NIC two-digit groups for manufactured products, 10
groups witnessed an increase in prices, 9 groups witnessed a decrease in prices and 3 groups witnessed
no change in prices. Some of the important groups that showed month-over-month increase in prices
were other manufacturing; manufacture of other non-metallic mineral products; computer, electronic
and optical products; pharmaceuticals, medicinal chemical and botanical products and textiles etc. Some
of the groups that witnessed a decrease in prices were manufacture of food products, basic metals;
rubber and plastics products, chemical and chemical products and electrical equipment etc in May, 2025
as compared to April, 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 increased from 189.3 in April, 2025 to
189.5 in May, 2025. The rate of inflation based on WPI Food Index decreased from 2.55% in April, 2025 to
1.72% in May, 2025.
Final Index for the month of March, 2025 (Base Year: 2011-12=100): For the month of March, 2025, the
final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 154.8 and
2.25% 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 May, 2025 has been compiled at a weighted response rate of 89.8 per cent,
while the final figure for May, 2025 is based on the weighted response rate of 96.4 per cent. The provisionalfigures of WPI will undergo revision as per the revision policy of WPI. This press release, item indices, and
inflation numbers are available at our home page http://eaindustry.nic.in.
Next date of Press Release: WPI for the month of June, 2025 would be released on 14/07/205.
Note: DPIIT releases index number of wholesale price in India on monthly basis on 14th of every month (or
th
next working day, if 14 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 May, 2025 (Provisional),
March, 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 May, 2025
Latest month
R a t e o f
over Month Inflation (YoY)
Inflation (YoY)
C o m m o d i t i e s / M a j o r Weig Index (MoM)
Groups/Groups/Sub-Groups/Items ht May-25*
A p r - A p r - 2024-25 2025-26
M a y May
M a y May ( A p r - ( A p r -
2024 2025*
2024 2025* May) May)
100.0
ALL COMMODITIES 154.1 0.39 -0.06 1.96 0.62 2.74 0.39
0
I. PRIMARY ARTICLES 22.62 184.3 0.53 -0.05 6.32 -1.73 7.42 -2.02
A. Food Articles 15.26 196.2 1.27 0.56 9.00 -1.21 9.93 -1.56
Cereals 2.82 204.7 0.05 -1.16 8.87 3.18 9.01 2.56
Paddy 1.43 199.6 0.15 -0.75 11.80 1.42 11.57 0.96
Wheat 1.03 207.8 -0.25 -1.80 5.98 6.58 6.27 5.75
Pulses 0.64 200.6 3.85 -1.47 19.36 -8.03 21.95 -10.41
Vegetables 1.87 185.3 4.00 -0.27 28.02 -19.97 32.59 -21.62
Potato 0.28 220.0 15.44 7.63 67.64 -27.04 64.05 -29.42
Onion 0.16 175.8 0.64 -14.03 59.09 -7.13 58.98 -14.41
Fruits 1.60 223.1 1.00 2.67 2.52 9.28 5.91 10.17
Milk 4.44 188.9 -0.70 1.34 4.32 1.62 3.78 2.66
Eggs, Meat & Fish 2.40 176.6 3.36 2.61 0.78 -0.66 0.68 -1.01
B. Non-Food Articles 4.12 158.9 -0.76 -0.63 -4.32 1.46 -3.87 1.53
Oil Seeds 1.12 184.2 -0.17 0.71 -5.75 2.34 -5.08 2.79
C. Minerals 0.83 228.1 1.38 -7.16 2.66 5.03 5.73 0.44
D. Crude Petroleum & Natural gas 2.41 137.4 -3.56 0.00 7.28 -14.02 9.80 -12.43
Crude Petroleum 1.95 113.9 -6.83 0.00 8.67 -17.01 11.07 -13.97
II. FUEL & POWER 13.15 146.7 -0.86 -0.95 0.07 -2.22 1.01 -2.27
LPG 0.64 120.3 -1.15 -0.50 -3.86 -0.08 2.48 0.25
Petrol 1.60 144.4 -0.44 -1.30 -0.06 -8.09 0.51 -8.49
HSD 3.10 158.3 -0.47 -1.06 -1.47 -5.32 -1.06 -5.61
I I I . M A N U F A C T U R E D
64.23 144.9 0.57 0.00 0.43 2.33 1.00 2.04
PRODUCTSMf/o Food Products 9.12 178.4 0.30 -0.67 2.85 8.98 3.52 8.45
Vegetable & Animal Oils and Fats 2.64 186.7 -0.14 -1.84 -3.18 27.59 -1.40 26.49
Mf/o Beverages 0.91 135.6 0.23 0.15 1.76 1.84 1.99 1.80
Mf/o Tobacco Products 0.51 182.4 -1.13 0.77 2.75 3.65 1.69 4.65
Mf/o Textiles 4.88 136.6 0.00 0.15 -0.62 0.59 -0.15 0.66
Mf/o Wearing Apparel 0.81 155.0 -0.72 0.58 1.87 1.31 1.33 1.97
Mf/o Leather and Related Products 0.54 127.0 0.32 0.32 0.28 2.42 0.40 2.42
Mf/o Wood and of Products of Wood
0.77 150.2 0.07 -0.07 3.46 0.54 3.10 0.47
and Cork
Mf/o Paper and Paper Products 1.11 140.4 0.15 -0.28 -5.87 1.88 -5.41 1.67
Mf/o Chemicals and Chemical
6.47 137.2 0.07 -0.15 -3.28 1.14 -2.72 1.03
Products
Mf/o Pharmaceuticals, Medicinal
1.99 145.5 0.35 0.41 0.63 1.01 0.77 1.04
Chemical and Botanical Products
Mf/o Rubber and Plastics Products 2.30 129.5 0.16 -0.54 0.16 1.29 0.55 0.94
Mf/o other Non-Metallic Mineral
3.20 133.2 -0.23 0.38 -1.85 0.38 -1.78 0.68
Products
Cement, Lime and Plaster 1.64 132.1 -0.60 0.30 -3.30 -0.98 -3.28 -0.53
Mf/o Basic Metals 9.65 140.2 2.33 -0.21 -0.97 -1.89 0.77 -3.11
Mild Steel - Semi Finished Steel 1.27 118.7 3.04 0.00 -1.96 -1.25 -0.33 -2.70
Mf/o Fabricated Metal Products,
3.15 137.4 0.29 0.22 -2.44 0.77 -2.36 0.73
Except Machinery and Equipment
Note: * = Provisional. Mf/o = Manufacture of
Annex-II
WPI Inflation (Base Year: 2011-12=100) for last 6 months
WPI based inflation (YoY) figures for last 6 months
C o m m o d i t i e s / M a j o r
Weight A p r -
Groups/Groups/Sub-Groups/Items Dec-24 Jan-25 Feb-25 Mar-25 May*
25*
ALL COMMODITIES 100.00 2.57 2.51 2.45 2.25 0.85 0.39
I. PRIMARY ARTICLES 22.62 6.02 4.58 2.92 1.26 -1.44 -2.02
A. Food Articles 15.26 8.53 5.83 3.43 1.78 -0.86 -1.56
Cereals 2.82 6.77 7.33 6.82 5.44 3.81 2.56
Paddy 1.43 6.93 6.22 5.17 3.67 1.87 0.96
Wheat 1.03 7.48 9.75 9.78 8.20 7.41 5.75
Pulses 0.64 5.02 5.13 -0.66 -3.03 -5.57 -10.41
Vegetables 1.87 28.57 8.11 -5.85 -14.98 -18.26 -21.62
Potato 0.28 92.36 72.57 27.54 -6.77 -24.30 -29.42
Onion 0.16 16.98 28.33 48.05 26.15 0.20 -14.41
Fruits 1.60 11.16 15.30 20.99 20.78 8.38 10.17
Milk 4.44 2.15 2.58 1.63 1.63 0.59 2.66
Eggs, Meat & Fish 2.40 5.43 3.56 1.48 0.89 -0.29 -1.01B. Non-Food Articles 4.12 2.40 3.01 4.97 1.62 1.40 1.53
Oil Seeds 1.12 -1.35 0.16 0.11 0.34 1.89 2.79
C. Minerals 0.83 5.70 1.56 1.29 10.79 9.69 0.44
D. Crude Petroleum & Natural gas 2.41 -6.77 -0.53 -4.06 -7.64 -15.55 -12.43
Crude Petroleum 1.95 -6.86 -0.76 -7.99 -11.50 -19.85 -13.97
II. FUEL & POWER 13.15 -2.57 -1.87 -0.97 0.00 -2.18 -2.27
LPG 0.64 2.47 2.23 0.90 0.24 -0.41 0.25
Petrol 1.60 -5.09 -3.64 -4.21 -3.86 -7.70 -8.49
HSD 3.10 -4.30 -3.61 -3.20 -2.88 -5.04 -5.61
III. MANUFACTURED PRODUCTS 64.23 2.14 2.65 3.00 3.21 2.62 2.04
Mf/o Food Products 9.12 9.75 10.73 11.62 11.10 9.51 8.45
Vegetable & Animal Oils and Fats 2.64 31.82 33.74 34.59 31.37 28.69 26.49
Mf/o Beverages 0.91 1.89 1.51 1.81 1.74 1.88 1.80
Mf/o Tobacco Products 0.51 4.40 4.02 2.63 3.18 2.67 4.65
Mf/o Textiles 4.88 2.32 2.24 1.86 1.64 0.52 0.66
Mf/o Wearing Apparel 0.81 1.65 2.19 1.71 1.98 0.65 1.97
Mf/o Leather and Related Products 0.54 1.53 3.24 2.18 1.37 2.43 2.42
Mf/o Wood and of Products of Wood
0.77 0.47 1.01 0.20 0.60 0.60 0.47
and Cork
Mf/o Paper and Paper Products 1.11 -0.07 0.58 2.39 2.17 2.10 1.67
Mf/o Chemicals and Chemical Products 6.47 0.59 1.03 1.11 0.96 1.25 1.03
Mf/o Pharmaceuticals, Medicinal
1.99 0.49 1.40 0.83 0.98 0.98 1.04
Chemical and Botanical Products
Mf/o Rubber and Plastics Products 2.30 1.18 1.65 1.64 1.33 1.64 0.94
Mf/o other Non-Metallic Mineral
3.20 -2.73 -1.64 -0.37 -0.53 0.08 0.68
Products
Cement, Lime and Plaster 1.64 -6.26 -5.10 -2.50 -2.46 -1.42 -0.53
Mf/o Basic Metals 9.65 -1.50 -1.15 -0.43 0.58 -0.64 -3.11
Mild Steel - Semi Finished Steel 1.27 -0.85 0.09 0.60 1.11 0.25 -2.70
Mf/o Fabricated Metal Products, Except
3.15 -1.45 -1.81 -1.09 0.15 0.81 0.73
Machinery and Equipment
Note: * = Provisional. Mf/o = Manufacture of
Annex-III
Wholesale Price Indices (Base Year: 2011-12=100) for last 6 months
WPI Numbers for last 6 months
C o m m o d i t i e s / M a j o r
Weight A p r -
Groups/Groups/Sub-Groups/Items Dec-24 Jan-25 Feb-25 Mar-25 May*
25*
ALL COMMODITIES 100.00 155.7 155.0 154.9 154.8 154.2 154.1
I. PRIMARY ARTICLES 22.62 193.8 189.7 186.8 185.5 184.4 184.3A. Food Articles 15.26 207.5 199.8 195.9 194.8 195.1 196.2
Cereals 2.82 211.4 212.3 213.1 211.1 207.1 204.7
Paddy 1.43 205.3 203.1 203.6 203.2 201.1 199.6
Wheat 1.03 215.5 219.6 221.2 217.6 211.6 207.8
Pulses 0.64 224.0 217.1 209.3 205.0 203.6 200.6
Vegetables 1.87 288.5 222.6 188.2 179.4 185.8 185.3
Potato 0.28 365.1 292.5 216.3 199.7 204.4 220.0
Onion 0.16 414.7 316.6 303.8 272.6 204.5 175.8
Fruits 1.60 193.3 196.7 209.8 218.5 217.3 223.1
Milk 4.44 185.6 187.0 186.5 187.2 186.4 188.9
Eggs, Meat & Fish 2.40 174.7 174.7 171.5 170.4 172.1 176.6
B. Non-Food Articles 4.12 166.2 167.5 167.0 162.6 159.9 158.9
Oil Seeds 1.12 182.8 183.4 178.9 179.3 182.9 184.2
C. Minerals 0.83 230.1 227.2 227.9 245.5 245.7 228.1
D. Crude Petroleum & Natural gas 2.41 141.9 150.9 148.7 145.1 137.4 137.4
Crude Petroleum 1.95 119.5 130.0 124.4 120.8 113.9 113.9
II. FUEL & POWER 13.15 151.8 152.0 153.4 152.1 148.1 146.7
LPG 0.64 124.6 123.7 123.0 123.7 120.9 120.3
Petrol 1.60 149.2 150.8 152.5 151.8 146.3 144.4
HSD 3.10 164.6 165.6 166.6 165.4 160.0 158.3
I I I . M A N U F A C T U R E D
64.23 143.0 143.4 144.0 144.6 144.9 144.9
PRODUCTS
Mf/o Food Products 9.12 176.8 177.5 178.7 180.1 179.6 178.4
Vegetable & Animal Oils and Fats 2.64 185.6 187.5 189.9 191.4 190.2 186.7
Mf/o Beverages 0.91 134.5 134.4 134.7 134.8 135.4 135.6
Mf/o Tobacco Products 0.51 180.3 181.2 179.8 181.9 181.0 182.4
Mf/o Textiles 4.88 136.8 137.0 136.9 136.5 136.4 136.6
Mf/o Wearing Apparel 0.81 154.4 154.2 154.3 154.5 154.1 155.0
Mf/o Leather and Related Products 0.54 126.0 127.5 126.4 125.4 126.6 127.0
Mf/o Wood and of Products of Wood
0.77 148.3 149.6 149.8 150.0 150.3 150.2
and Cork
Mf/o Paper and Paper Products 1.11 138.3 139.5 141.2 141.0 140.8 140.4
Mf/o Chemicals and Chemical Products 6.47 136.5 136.8 136.9 136.9 137.4 137.2
Mf/o Pharmaceuticals, Medicinal
1.99 144.0 145.0 145.1 144.8 144.9 145.5
Chemical and Botanical Products
Mf/o Rubber and Plastics Products 2.30 129.0 129.3 129.8 129.9 130.2 129.5
Mf/o other Non-Metallic Mineral
3.20 131.7 132.2 133.3 132.4 132.7 133.2
Products
Cement, Lime and Plaster 1.64 130.2 130.2 132.8 131.0 131.7 132.1
Mf/o Basic Metals 9.65 137.5 137.2 137.9 139.5 140.5 140.2
Mild Steel - Semi Finished Steel 1.27 116.8 117.3 117.4 118.3 118.7 118.7Mf/o Fabricated Metal Products,
3.15 135.9 135.3 136.1 136.4 137.1 137.4
Except Machinery and Equipment
Note: * = Provisional. Mf/o = Manufacture of
***
Abhishek Dayal/Abhijith Narayanan
(Release ID: 2136562)