<ul data-eligibleForWebStory="false"><li>Wholesale Price Index (WPI) inflation in June 2025 declined by 0.13% compared to a 0.39% rise in May. The negative inflation was attributed to decreased prices of food articles, mineral oils, manufacture of basic metals, and crude petroleum & natural gas.</li><li>Food articles saw a deflation of 3.75% in June, with vegetables experiencing a significant drop. Manufactured products registered an inflation of 1.97%, and fuel and power saw a negative inflation of 2.65%.</li><li>The Reserve Bank of India (RBI) considers retail inflation for monetary policy formulation and recently reduced benchmark policy interest rates to 5.50% due to easing inflation. Core WPI inflation increased slightly to 1% in June.</li><li>ICRA expects WPI to remain in a deflationary state in July 2025 due to sustained deflation in food and crude oil prices. The nominal GDP growth is predicted to decelerate sharply between quarters.</li></ul>

Wholesale price inflation declines 0.13% in June, against 0.39% rise in May

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