**Executive Summary**
This report from the Ministry of Commerce & Industry presents the Index Numbers of Wholesale Price in India for November 2025, with a base year of 2011-12. The annual rate of inflation is (-) 0.32%. The next press release, for December 2025, is scheduled for January 14, 2026.
**Key Points / Main Content**
* **Overall Inflation:**
* The annual rate of inflation is (-) 0.32% for November 2025 compared to November 2024.
* This negative rate is due to decreased prices in food articles, mineral oils, crude petroleum, natural gas, basic metals, and electricity.
* The month-over-month change in WPI for November 2025 is 0.71% compared to October 2025.
* **Major Group Indices (Month-over-Month Change):**
* **Primary Articles:** Index increased by 2.07% due to increases in minerals, food articles, and non-food articles. Crude Petroleum & Natural Gas decreased.
* **Fuel & Power:** Index increased by 1.03% due to electricity, while mineral oils decreased. Coal remained constant.
* **Manufactured Products:** Index decreased by (-) 0.07%. 14 NIC two-digit groups decreased in price, 7 increased, and 1 remained unchanged.
* **WPI Food Index:** Increased from 192.0 to 195.0. The rate of inflation (Y-o-Y) based on WPI Food Index increased from (-) 5.04% in October 2025 to (-) 2.60% in November 2025.
* **Final Index for September 2025:**
* The final Wholesale Price Index for all commodities stood at 155.0 with an inflation rate of 0.19%.
* **Response Rate:**
* The WPI for November 2025 was compiled at a weighted response rate of 82.0%.
* The final figure for September 2025 is based on a weighted response rate of 93.9%.
* **Data Availability:**
* Press releases, item indices, and inflation numbers are available at https://eaindustry.nic.in.
**Impact Analysis**
**Stakeholders:** Government and Policymakers
**Impact**:
The report provides crucial data for economic analysis and policy formulation.
**Action Required**:
Review and analyze the data to inform fiscal and monetary policies.
**Stakeholders:** Industries and Businesses
**Impact**:
Businesses can use this data to understand price trends, manage inventory, and plan future investments.
**Action Required**:
Incorporate the data into business strategies, pricing decisions, and supply chain management.
**Stakeholders:** Consumers
**Impact**:
Consumers can use the data to assess the impact of inflation on their purchasing power and adjust spending habits accordingly.
**Action Required**:
Track inflation trends to make informed decisions about personal finances and spending.
Key Entities Referenced
All India Wholesale Price Index (WPI): Key economic indicator measuring the changes in the price of goods at the wholesale level in India.
Ministry of Commerce & Industry: The Indian government ministry responsible for international trade, commerce, and industry.
Ministry of Commerce & Industry
Index Numbers of Wholesale Price in India for
the Month of November, 2025 (Base Year: 2011-
12)
प्रव तथ: 15 DEC 2025 12:00PM by PIB Delhi
The annual rate of inflation based on All India Wholesale Price Index (WPI) number is (-) 0.32%
(provisional) for the month of November, 2025 (over November, 2024). Negative rate of inflation in
November, 2025 is primarily due to decrease in prices of food articles, mineral oils, crude petroleum &
natural gas, manufacture of basic metals and electricity 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 %) *
All Weight Sep-25(F) Oct-25(P) Nov-25(P)
Commodities/Major (%)
Groups
Index Inflation Index Inflation Index Infla
All Commodities 100.00 155.0 0.19 154.8 -1.21 155.9 -0.
I. Primary Articles 22.62 189.4 -3.12 188.2 -6.18 192.1 -2.
II. Fuel & Power 13.15 143.4 -2.58 145.0 -2.55 146.5 -2.
III. Manufactured 64.23 145.2 2.33 145.1 1.54 145.0 1.3
Products
Food Index 24.38 192.1 -1.94 192.0 -5.04 195.0 -2.
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 November, 2025 stood at 0.71% as compared to
October, 2025. The monthly change in WPI for last six-month is summarized below:
Month Over Month (M-o-M in %) change in WPI Index#All Weight Jun- Jul- Aug- Sep- Oct- Nov-
Commodities/Major 25 25 25 25(F) 25(P) 25(P)
Groups
All Commodities 100.00 0.00 0.46 0.52 -0.13 -0.13 0.71
I. Primary Articles 22.62 0.70 1.29 1.33 -0.84 -0.63 2.07
II. Fuel & Power 13.15 -0.42 0.98 -0.14 -0.07 1.12 1.03
III. Manufactured 64.23 -0.21 -0.07 0.28 0.14 -0.07 -0.07
Products
Food Index 24.38 0.16 0.63 1.10 -0.72 -0.05 1.56
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 increased by 2.07 %
from 188.2 (provisional) for the month of October, 2025 to 192.1 (provisional) in November,
2025. The Price of minerals (4.50%), food articles (2.50%) and non-food articles (1.28%)
increased in November, 2025 as compared to October, 2025. The Price of Crude Petroleum &
Natural Gas (-1.62%) decreased in November, 2025 as compared to October, 2025.
ii. Fuel & Power (Weight 13.15%): - The index for this major group increased by 1.03% from
145.0 (provisional) for the month of October, 2025 to 146.5 (provisional) in November, 2025.
Price of electricity (6.70%) increased in November, 2025 as compared to October, 2025. The
price of mineral oils (-0.67%) decreased in November, 2025 as compared to October, 2025.
The price of coal remained same as in the previous month.
iii. Manufactured Products (Weight 64.23%): - The index for this major group decreased by
(-) 0.07% from 145.1 (provisional) for the month of October, 2025 to 145.0 (provisional) in
November, 2025. Out of the 22 NIC two-digit groups for manufactured products, 14 groups
witnessed a decrease in prices, 7 groups witnessed an increase in prices and 1 group
witnessed no change in prices. Some of the important groups that showed month-over-month
decrease in prices were manufacture of fabricated metal products, except machinery and
equipment; food products; other non-metallic mineral products; computer, electronic and
optical products and chemicals and chemical products etc. Some of the groups that witnessed
an increase in prices were other manufacturing; machinery and equipment; textiles; electrical
equipment and wearing apparel etc. in November, 2025 as compared to October, 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 192.0 in
October, 2025 to 195.0 in November, 2025. The rate of inflation (Y-o-Y) based on WPI Food Index
increased from (-) 5.04% in October, 2025 to (-) 2.60% in November, 2025.
Final Index for the month of September, 2025 (Base Year: 2011-12=100): For the month of
September, 2025, the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-
12=100) stood at 155.0 and 0.19% 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 November, 2025 has been compiled at a weighted response rate of 82.0
per cent, while the final figure for September, 2025 is based on the weighted response rate of 93.9 per
cent. The provisional figures of WPI will undergo revision as per the revision policy of WPI. This press
release, item indices, and inflation numbers are available at our website https://eaindustry.nic.in.
Next date of Press Release: WPI for the month of December, 2025 would be released on 14/1/2026.
Note: DPIIT releases index number of wholesale price in India on monthly basis on 14th of every
month (or next working day, if 14th 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 November, 2025 (Provisional), September, 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 November,
2025
Commodities/Major Weight Index Latest month Inflation (YoY) Rate of In
Groups/Groups/Sub- over Month (YoY
Nov-
Groups/Items (MoM)
25*
2ON0co2tv4- ONcotv- (2NA02o2p5v4r)-- 2(0NA2o5pv-r2)-6 No2v0em24ber
2025*
ALL 100.00 155.9 -0.19 0.71 2.19 -0.08 2.16
COMMODITIES
I. PRIMARY 22.62 192.1 -1.35 2.07 5.92 -3.15 5.49
ARTICLES
A. Food Articles 15.26 204.8 -1.93 2.50 8.53 -4.03 8.48
Cereals 2.82 207.5 1.15 0.53 8.56 0.89 7.71
Paddy 1.43 204.0 0.73 1.29 9.93 -0.17 7.58
Wheat 1.03 210.8 2.00 -0.24 7.08 3.49 8.20
Pulses 0.64 195.7 -1.58 -0.05 15.56 -13.77 5.97
Vegetables 1.87 266.9 -7.29 13.72 21.93 -23.62 29.34
Potato 0.28 245.3 2.26 8.64 75.42 -36.95 82.64Onion 0.16 175.0 3.68 5.87 50.33 -49.18 1.08
Fruits 1.60 196.6 -5.75 0.46 9.65 1.19 5.59
Milk 4.44 191.4 -0.22 0.10 3.58 2.66 2.04
Eggs, Meat & Fish 2.40 176.7 1.23 1.55 -0.29 0.34 3.16
B. Non-Food Articles 4.12 166.5 0.56 1.28 -2.10 2.71 -0.61
Oil Seeds 1.12 203.3 0.11 3.30 -2.78 7.47 0.32
C. Minerals 0.83 253.3 -0.09 4.50 5.39 4.44 6.30
D. Crude Petroleum 2.41 134.0 -0.41 -1.62 0.09 -9.90 -7.74
& Natural gas
Crude Petroleum 1.95 107.6 -0.87 -1.28 -0.39 -13.81 -7.20
II. FUEL & 13.15 146.5 0.74 1.03 -1.33 -3.17 -4.03
POWER
LPG 0.64 107.8 3.17 -0.55 3.47 -3.55 1.81
Petrol 1.60 146.1 -0.80 0.07 -3.49 -5.47 -6.83
HSD 3.10 161.7 0.12 0.37 -3.35 -3.86 -5.68
III. 64.23 145.0 0.14 -0.07 1.23 2.06 2.07
MANUFACTURED
PRODUCTS
Mf/o Food Products 9.12 178.6 0.91 -0.22 5.41 5.65 9.57
Vegetable & Animal 2.64 185.7 2.81 -0.59 8.21 17.01 28.83
Oils and Fats
Mf/o Beverages 0.91 135.7 0.15 -0.15 2.04 1.29 2.28
Mf/o Tobacco 0.51 181.4 0.57 -0.11 1.91 2.77 1.14
Products
Mf/o Textiles 4.88 138.7 0.15 0.14 0.85 1.03 1.42Mf/o Wearing 0.81 157.1 -0.13 0.38 1.64 1.83 1.52
Apparel
Mf/o Leather and 0.54 127.4 0.08 0.08 0.33 2.32 1.45
Related Products
Mf/o Wood and 0.77 151.0 -0.13 -0.07 2.44 0.80 0.54
Products of Wood and
Cork
Mf/o Paper and Paper 1.11 140.5 -0.93 0.14 -1.75 0.96 0.07
Products
Mf/o Chemicals and 6.47 136.5 0.07 -0.22 -0.90 0.55 0.29
Chemical Products
Mf/o 1.99 146.1 0.42 -0.07 1.05 1.23 1.19
Pharmaceuticals,
Medicinal Chemical
and Botanical
Products
Mf/o Rubber and 2.30 128.5 -0.77 -0.31 1.09 0.36 1.42
Plastics Products
Mf/o other Non- 3.20 132.2 0.77 -0.60 -2.93 1.62 -2.38
Metallic Mineral
Products
Cement, Lime and 1.64 130.2 1.01 -1.36 -5.50 1.59 -5.38
Plaster
Mf/o Basic Metals 9.65 136.9 -0.50 -0.15 -1.08 -1.66 -1.14
Mild Steel - Semi 1.27 114.1 -0.42 -0.44 -2.59 -1.52 -0.68
Finished Steel
Mf/o Fabricated 3.15 136.0 0.22 -0.73 -2.27 0.64 -2.87
Metal Products,
Except Machinery
and Equipment
Note: * = Provisional. Mf/o = Manufacture of
Annex-II
WPI Inflation (Base Year: 2011-12=100) for last 6 monthsCommodities/Major Weight WPI based inflation (YoY) figures for last 6 months
Groups/Groups/Sub-
Groups/Items Jun- Jul- Aug- Sep- Oct- Nov-
25 25 25 25 25* 25*
ALL 100.00 -0.19 -0.58 0.52 0.19 -1.21 -0.32
COMMODITIES
I. PRIMARY 22.62 -3.22 -4.70 -2.10 -3.12 -6.18 -2.93
ARTICLES
A. Food Articles 15.26 -3.65 -6.29 -3.11 -5.12 -8.31 -4.16
Cereals 2.82 1.44 1.43 1.03 -0.24 -1.05 -1.66
Paddy 1.43 0.25 0.15 -0.84 -1.38 -1.47 -0.92
Wheat 1.03 3.77 4.40 4.75 3.02 0.81 -1.40
Pulses 0.64 -14.09 -15.21 -15.23 -17.19 -16.50 -15.21
Vegetables 1.87 -22.65 -29.02 -14.34 -24.38 -34.97 -20.23
Potato 0.28 -32.50 -41.54 -44.56 -42.03 -39.88 -36.14
Onion 0.16 -33.45 -44.38 -50.46 -64.12 -65.43 -64.70
Fruits 1.60 1.69 -2.65 -4.86 -4.16 -7.03 -0.91
Milk 4.44 2.53 2.37 2.58 3.08 3.02 3.35
Eggs, Meat & Fish 2.40 -0.29 -1.09 0.06 1.56 1.75 2.08
B. Non-Food Articles 4.12 2.16 3.65 5.56 3.64 1.54 2.27
Oil Seeds 1.12 5.89 9.77 14.00 9.70 6.15 9.54
C. Minerals 0.83 -0.35 4.19 4.70 8.65 5.57 10.42
D. Crude Petroleum 2.41 -10.77 -10.58 -9.87 -3.83 -7.54 -8.66
& Natural gas
Crude Petroleum 1.95 -12.31 -14.86 -13.68 -7.45 -13.56 -13.92II. FUEL & 13.15 -3.13 -3.04 -3.24 -2.58 -2.55 -2.27
POWER
LPG 0.64 2.68 1.23 -1.22 -7.96 -9.52 -12.78
Petrol 1.60 -6.57 -5.74 -5.72 -3.82 -2.60 -1.75
HSD 3.10 -5.12 -4.30 -3.54 -3.09 -1.89 -1.64
III. 64.23 1.90 2.05 2.62 2.33 1.54 1.33
MANUFACTURED
PRODUCTS
Mf/o Food Products 9.12 6.87 6.86 7.27 4.62 1.76 0.62
Vegetable & Animal 2.64 22.30 22.04 23.06 14.80 4.83 1.36
Oils and Fats
Mf/o Beverages 0.91 1.50 1.20 1.19 1.04 1.04 0.74
Mf/o Tobacco 0.51 2.04 1.81 3.24 2.14 3.18 2.49
Products
Mf/o Textiles 4.88 0.00 0.00 1.32 1.77 1.91 1.91
Mf/o Wearing 0.81 2.10 2.30 1.90 1.63 1.69 2.21
Apparel
Mf/o Leather and 0.54 2.33 2.89 2.32 1.92 1.27 1.27
Related Products
Mf/o Wood and 0.77 0.60 0.13 0.00 1.08 1.61 1.68
Products of Wood and
Cork
Mf/o Paper and Paper 1.11 1.16 1.01 0.07 0.29 0.36 1.44
Products
Mf/o Chemicals and 6.47 0.51 0.29 0.37 0.37 0.37 0.07
Chemical ProductsMf/o 1.99 1.18 0.90 0.55 1.25 1.88 1.39
Pharmaceuticals,
Medicinal Chemical
and Botanical
Products
Mf/o Rubber and 2.30 0.54 0.08 0.08 0.31 -0.54 -0.08
Plastics Products
Mf/o other Non- 3.20 2.07 2.62 3.08 2.07 1.99 0.61
Metallic Mineral
Products
Cement, Lime and 1.64 1.92 3.19 4.54 2.87 2.48 0.08
Plaster
Mf/o Basic Metals 9.65 -3.28 -2.56 -0.51 0.00 -1.58 -1.23
Mild Steel - Semi 1.27 -3.78 -2.36 1.31 1.14 -2.88 -2.89
Finished Steel
Mf/o Fabricated 3.15 0.66 0.15 0.29 0.51 1.48 0.52
Metal Products,
Except Machinery
and Equipment
Note: * = Provisional. Mf/o = Manufacture of
Annex-III
Wholesale Price Indices (Base Year: 2011-12=100) for last 6 months
Commodities/Major Weight WPI Numbers for last 6 months
Groups/Groups/Sub-
Groups/Items Jun- Jul- Aug- Sep- Oct- Nov-
25 25 25 25 25* 25*
ALL COMMODITIES 100.00 153.7 154.4 155.2 155.0 154.8 155.9
I. PRIMARY 22.62 186.1 188.5 191.0 189.4 188.2 192.1
ARTICLES
A. Food Articles 15.26 198.0 199.7 202.5 200.0 199.8 204.8
Cereals 2.82 204.4 205.9 206.7 206.3 206.4 207.5
Paddy 1.43 199.9 201.4 200.3 200.6 201.4 204.0Wheat 1.03 206.5 209.0 211.8 211.6 211.3 210.8
Pulses 0.64 197.0 195.7 198.1 196.6 195.8 195.7
Vegetables 1.87 219.2 246.3 259.8 235.1 234.7 266.9
Potato 0.28 232.0 232.5 218.2 218.1 225.8 245.3
Onion 0.16 185.8 193.5 193.8 177.0 165.3 175.0
Fruits 1.60 204.3 191.0 197.6 200.6 195.7 196.6
Milk 4.44 190.2 190.4 190.7 191.0 191.2 191.4
Eggs, Meat & Fish 2.40 174.0 171.8 173.2 175.3 174.0 176.7
B. Non-Food Articles 4.12 160.7 164.7 169.1 168.1 164.4 166.5
Oil Seeds 1.12 190.6 197.8 203.6 202.5 196.8 203.3
C. Minerals 0.83 228.8 236.1 238.3 242.5 242.4 253.3
D. Crude Petroleum & 2.41 139.2 141.2 139.7 140.5 136.2 134.0
Natural gas
Crude Petroleum 1.95 116.8 116.3 113.6 114.3 109.0 107.6
II. FUEL & POWER 13.15 142.3 143.7 143.5 143.4 145.0 146.5
LPG 0.64 118.8 115.2 113.0 107.5 108.4 107.8
Petrol 1.60 143.7 146.1 145.1 145.9 146.0 146.1
HSD 3.10 157.5 160.2 160.8 160.0 161.1 161.7
III. MANUFACTURED 64.23 144.7 144.6 145.0 145.2 145.1 145.0
PRODUCTS
Mf/o Food Products 9.12 177.3 177.5 178.6 178.9 179.0 178.6
Vegetable & Animal Oils 2.64 181.5 182.2 185.2 186.9 186.8 185.7
and Fats
Mf/o Beverages 0.91 135.4 135.1 135.6 135.7 135.9 135.7Mf/o Tobacco Products 0.51 179.8 179.9 181.7 181.3 181.6 181.4
Mf/o Textiles 4.88 136.4 136.8 137.7 138.2 138.5 138.7
Mf/o Wearing Apparel 0.81 155.5 155.7 155.8 156.1 156.5 157.1
Mf/o Leather and Related 0.54 127.5 128.0 127.8 127.4 127.3 127.4
Products
Mf/o Wood and Products 0.77 150.4 149.6 149.5 150.2 151.1 151.0
of Wood and Cork
Mf/o Paper and Paper 1.11 140.0 139.9 139.9 140.2 140.3 140.5
Products
Mf/o Chemicals and 6.47 137.1 137.1 137.2 137.0 136.8 136.5
Chemical Products
Mf/o Pharmaceuticals, 1.99 145.7 146.0 145.6 145.9 146.2 146.1
Medicinal Chemical and
Botanical Products
Mf/o Rubber and Plastics 2.30 129.5 129.2 129.2 129.1 128.9 128.5
Products
Mf/o other Non-Metallic 3.20 133.4 133.4 133.8 133.3 133.0 132.2
Mineral Products
Cement, Lime and Plaster 1.64 132.8 132.8 133.5 132.6 132.0 130.2
Mf/o Basic Metals 9.65 138.6 137.2 137.6 137.7 137.1 136.9
Mild Steel - Semi 1.27 117.1 115.9 115.9 115.4 114.6 114.1
Finished Steel
Mf/o Fabricated Metal 3.15 137.0 136.5 137.0 137.0 137.0 136.0
Products, Except
Machinery and
Equipment
Note: * = Provisional. Mf/o = Manufacture of
***
Abhishek Dayal/ Shabbir Azad
(रलीज़ आईडी: 2203914) आगंतुक पटल : 2456
इस वज्ञ को इन भाषाओ ंम पढ़: Urdu , ही , Tamil