India’s Wholesale Inflation Turns Negative in July 2025
DPIIT reported India’s Wholesale Price Index (WPI) fell -0.58% YoY in July 2025, slipping into negative territory after a small decline in June (-0.13%). The drop was driven by steep falls in vegetable prices (-28.9%), including onions (-44.4%) and potatoes (-41.3%), along with declines in mineral oils, crude, and basic metals. However, on a month-on-month basis, WPI…