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Wholesale inflation (WPI) has increased to 3.88% in March. It was at 2.13% in February. That means it has increased by 1.75% within a month. Wholesale inflation has also broken the record of 38 months. Wholesale inflation had reached 4.73% in January 2023. Commerce Ministry has released wholesale inflation figures today i.e. on 15th April.
Daily essential items and food items became expensive
- Inflation of daily essential goods (primary articles) increased from 3.27% to 6.36%.
- There is no change in the inflation of food items (Food Index), it remains at 1.85%.
- The wholesale inflation rate of fuel and power has increased from minus 3.78% to 1.05%.
- The wholesale inflation rate of manufacturing products increased from 2.92% to 3.39%.
Wholesale inflation in financial year 2025-26
| month | wholesale expensive |
| april | 0.85% |
| May | 0.39% |
| june | -0.13% |
| july | -0.58% |
| august | 0.52% |
| september | 0.13% |
| october | -1.21% |
| november | -0.32% |
| December | 0.83% |
| January | 1.81% |
| February | 2.13% |
| march | 3.88% |
4 parts of wholesale inflation
Primary article, whose weightage is 22.62%. The weightage of Fuel and Power is 13.15% and the weightage of Manufactured Products is the highest at 64.23%. The primary article also has four parts.
- Food articles like grains, wheat, vegetables
- Oil seeds are included in non-food articles.
- Minerals
- crude petroleum
Retail inflation increased to 3.4% in March
Retail inflation has increased to 3.4% in March. Earlier in February it was 3.21%. This increase in inflation has happened at a time when there is a war going on between Israel, America and Iran.
Impact of Wholesale Price Index (WPI) on the common man
Prolonged increase in wholesale inflation has a negative impact on most productive sectors. If wholesale prices remain high for too long, producers pass the burden on to consumers. Government can control WPI only through tax.
For example, in the situation of sharp increase in crude oil, the government had reduced the excise duty on fuel. However, the government can reduce tax cuts only within a limit. In WPI, more weightage is given to factory related goods like metal, chemical, plastic, rubber.
How is inflation measured?
There are two types of inflation in India. One is retail and the other is wholesale inflation. Retail inflation rate is based on the prices paid by ordinary consumers. It is also called Consumer Price Index (CPI). Whereas, Wholesale Price Index (WPI) means the prices that one trader charges from another trader in the wholesale market.
Different items are included to measure inflation. For example, the share of manufactured products in wholesale inflation is 63.75%, primary articles like food 22.62% and fuel and power 13.15%. At the same time, the share of food and products in retail inflation is 45.86%, housing is 10.07% and other items including fuel also have a share.
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