Índia Variação do Índice de Preços ao Produtor

India’s wholesale prices dropped 1.21% year-on-year in October 2025, compared with market expectations of a 0.6% decline and reversing a 0.13% rise in September. It marked the first fall in wholesale prices in three months and the steepest drop since July 2023, driven primarily by a sharp decline in food prices, the steepest fall in at least a decade, along with continued decreases in fuel costs and moderating manufacturing inflation. Food prices fell 5.04% in October, following a 1.99% decline in September, driven primarily by sharp drops in onions (-65.43%), potatoes (-39.88%), vegetables (-34.97%), and pulses (-16.50%). Fuel prices also continued to fall (-2.55% vs -2.58% in September). Additionally, manufacturing inflation eased to 1.54%, down from 2.33% in September, marking the softest pace since October 2024. Notable slowdowns were recorded in food products (1.76% vs 7.56%), leather and related products (1.27% vs 1.84%), and cement, lime & plaster (2.48% vs 3.72%).