India’s wholesale prices increased 11.39% year-on-year in September 2026, accelerating from a 9.92% rise in August and surpassing expectations of 10.18%. The data have been based on the new 2022–23 base year since September 2025. The acceleration was driven by faster increases in fuel, manufacturing, and food prices. Fuel inflation accelerated to 25.85% from 22.93% in August, mainly driven by faster increases in mineral oil prices (40.02% vs 38.48% in August) and crude petroleum and natural gas prices (57.32% vs 34.41%). Meanwhile, food inflation accelerated to 8.66% from 7.05% in August, as food article prices rose faster (8.14% vs 5.67%), while non-food article prices remained elevated but increased at a slower pace (10.28% vs 14.79%). Manufacturing inflation also accelerated to 9.76% from 8.37%, led by chemicals and chemical products (16.74%), tobacco products (12.90%), textiles (13.85%), rubber and plastics (13.47%), and basic metals (16.96%). source: Office of the Economic Advisor, India

Wholesale Prices YoY in India increased to 11.39 percent in September from 9.92 percent in August of 2026. Wholesale Prices YoY in India averaged 6.68 percent from 1969 until 2026, reaching an all time high of 34.68 percent in September of 1974 and a record low of -11.31 percent in May of 1976. India Wholesale Prices YoY - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

Wholesale Prices YoY in India increased to 11.39 percent in September from 9.92 percent in August of 2026. Wholesale Prices YoY in India is expected to be 9.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Wholesale Prices YoY is projected to trend around 2.40 percent in 2027 and 2.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-14 06:30 AM
WPI Inflation YoY
Aug 9.92% 9.78% 9.89% 10.0%
2026-10-14 06:30 AM
WPI Inflation YoY
Sep 11.39% 9.92% 10.18% 10.5%
2026-11-16 06:30 AM
WPI Inflation YoY
Oct 11.39% 13.0%



Components Last Previous Unit Reference
WPI Food Index YoY 8.66 7.05 percent Sep 2026
WPI Fuel YoY 25.85 22.93 percent Sep 2026
WPI Manufacturing YoY 9.76 8.37 percent Sep 2026

Related Last Previous Unit Reference
Producer Prices MoM 1.53 0.82 percent Sep 2026
Producer Prices 112.50 110.80 points Sep 2026
Producer Prices YoY 11.39 9.81 percent Sep 2026
Wholesale Price Index 112.50 110.80 points Sep 2026
Wholesale Prices MoM 1.53 0.73 percent Sep 2026


India Wholesale Prices YoY
The Wholesale Price Index (WPI) is India’s primary inflation measure, tracking price changes in a representative basket of wholesale goods. It is divided into three groups: Primary Articles (22.6%), Fuel and Power (13.2%), and Manufactured Products (64.2%). The Food Index, spanning Primary Articles and Manufactured Products, accounts for 24.4% of the total weight. Within these groups, notable components include Basic Metals (9.7%), Food Products (9.1%), Chemicals (6.5%), Textiles (4.9%), Food Articles (15.3%), and HSD (3.1%).
Actual Previous Highest Lowest Dates Unit Frequency
11.39 9.92 34.68 -11.31 1969 - 2026 percent Monthly
NSA

News Stream
India Wholesale Price Inflation Tops Forecasts
India’s wholesale prices increased 11.39% year-on-year in September 2026, accelerating from a 9.92% rise in August and surpassing expectations of 10.18%. The data have been based on the new 2022–23 base year since September 2025. The acceleration was driven by faster increases in fuel, manufacturing, and food prices. Fuel inflation accelerated to 25.85% from 22.93% in August, mainly driven by faster increases in mineral oil prices (40.02% vs 38.48% in August) and crude petroleum and natural gas prices (57.32% vs 34.41%). Meanwhile, food inflation accelerated to 8.66% from 7.05% in August, as food article prices rose faster (8.14% vs 5.67%), while non-food article prices remained elevated but increased at a slower pace (10.28% vs 14.79%). Manufacturing inflation also accelerated to 9.76% from 8.37%, led by chemicals and chemical products (16.74%), tobacco products (12.90%), textiles (13.85%), rubber and plastics (13.47%), and basic metals (16.96%).
2026-10-14
India Wholesale Price Inflation Tops Estimates
India’s wholesale prices increased 9.92% yoy in August 2026, accelerating slightly from a 9.78% rise in July and surpassing expectations of 9.89%. The acceleration was driven by faster increases in fuel, manufacturing, and food prices. Fuel prices accelerated to 22.93% from 20.05% in July, mainly driven by faster increases in mineral oil prices (38.48% vs 32.4% in July) and crude petroleum and natural gas prices (34.41% vs 26.99%). Meanwhile, food inflation accelerated to 7.05% from 6.65% in July, as food article prices accelerated (5.67% vs 5.44%), while non-food article prices remained elevated (14.79% vs 17.66%). Manufacturing inflation also accelerated to 8.37% from 8.29%, led by chemicals and chemical products (14.30%), tobacco products (13.17%), textiles (12.63%), rubber & plastics (11.18%), and basic metals (10.88%). The data are based on the new 2022–23 base year, replacing the earlier 2011–12 series.
2026-09-14
India Wholesale Inflation Below Forecasts
India’s wholesale prices increased 9.78% yoy in July 2026, slowing from a 9.87% gain in June, which was the fastest increase since September 2022 and below expectations of 9.95%. It was the softest increase since April, due to softer rises in fuel prices. The data are based on the new 2022–23 base year, replacing the earlier 2011–12 series. Fuel prices moderated (20.05% vs 27.41% in June), mainly driven by softer increases in mineral oil prices (32.4% vs 46.48%) and crude petroleum and natural gas prices (26.99% vs 34.75%). Meanwhile, food inflation accelerated slightly to 6.65% from 6.14% in June, as food article prices remained broadly elevated (5.44% vs 5.49% in June), while non-food article prices accelerated strongly (17.66% vs 11.07%). Also, manufacturing inflation accelerated to 8.29% from 7.48%, the fastest pace since June 2022, led by tobacco products (13.36%), chemicals and chemical products (13.12%), basic metals (12.56%), textiles (12.80%), and rubber & plastics (10.38%).
2026-08-14