Wholesale price recovery expected as fuel and food components stabilize across markets

Wholesale inflation may edge higher after 17 November as fuel and food categories stabilize, though economists expect price trends to remain within moderate ranges.

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Wholesale price recovery expected as fuel and food components stabilize across markets

Wholesale price recovery expected as fuel and food components stabilize across markets
On 17 November 2025, economists projected that India’s wholesale inflation may rise moderately in coming months, supported by recovery in fuel, primary food and manufactured goods indices. Analysts said recent negative WPI readings stemmed from high base effects and improved supply conditions but warned that certain commodity baskets, particularly edible oils and industrial metals, are showing early signs of price firming. Trade associations reported steady demand traction in transport-linked sectors, while early procurement data indicated higher mandi arrivals in several states. 
Market watchers expect the next WPI release to reflect marginal upward movement, though still within manageable bounds.