WPI inflation falls to 27-month low of (-) 1.21 pc in Oct on GST cut, favourable base
GST
Dated:- 14-11-2025
PTI
New Delhi, Nov 14 (PTI) Wholesale Price Inflation (WPI) fell to a 27-month low of (-) 1.21 per cent in October, led by a sharp deflation in food items like pulses and vegetables, and lower prices of fuel and manufactured items, government data showed on Friday.
WPI-based inflation was 0.13 per cent in September and 2.75 per cent in October last year.
“The negative rate of inflation in October 2025, is primarily due to decrease in prices of food articles, crude petroleum & natural gas, electricity, mineral oils and manufacture of basic metals etc ,” the industry ministry said in a statement.
According to WPI data
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to keep the wholesale index into deflation. Consequently, Ind-Ra anticipates wholesale deflation in November 2025 to be under 1 per cent,” said Paras Jasrai, Associate Director at India Ratings and Research.
The fall in WPI inflation is on expected lines after the rates of Goods and Services Tax (GST) were slashed effective September 22.
GST rates on daily use mass consumption items were cut as part of the tax rate rationalisation under which the four-tier tax structure was brought down to just 2 slabs of 5 and 18 per cent.
The tax cuts which lowered prices of goods, plus a favourable inflation base of last year, has pulled down both wholesale and retail inflation.
Data released last week showed, retail inflation was at an all-time
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