India’s wholesale prices rose 9.87% yoy in June 2026, accelerating from a 9.68% gain in May and surpassing expectations of 9.15%. It was the fastest increase since September 2022, mainly driven by faster increases in food prices and a surge in fuel prices, while manufacturing prices also increased. The data are based on the new 2022–23 base year, replacing the earlier 2011–12 series. Fuel prices surged 27.41%, driven by a sharp rise in mineral oil prices (46.48%) and crude petroleum and natural gas prices (34.74%). Food inflation accelerated to 6.14% from 5.68% in May, marking the fastest increase since February 2025, with faster rises in both food articles (5.49% vs 3.60% in May) and non-food articles (11.07% vs 9.49%). Meanwhile, manufacturing inflation held steady at 7.48%, remaining at its fastest pace since August 2022, led by tobacco products (14.14% vs 13.59%), chemicals and chemical products (12.78% vs 13.40%), basic metals (12.31% vs 12.30%), and textiles (10.85% vs 10.22%). source: Office of the Economic Advisor, India

Wholesale Prices YoY in India increased to 9.87 percent in June from 9.68 percent in May of 2026. Wholesale Prices YoY in India averaged 6.66 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 July of 2026.

Wholesale Prices YoY in India increased to 9.87 percent in June from 9.68 percent in May of 2026. Wholesale Prices YoY in India is expected to be 12.00 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
2026-06-15 06:30 AM
WPI Inflation YoY
May 9.68% 8.26% 9.1% 9.5%
2026-07-14 06:30 AM
WPI Inflation YoY
Jun 9.87% 9.68% 9.15% 10.5%
2026-08-14 06:30 AM
WPI Inflation YoY
Jul 9.87% 11.0%



Components Last Previous Unit Reference
WPI Food Index YoY 6.14 4.49 percent Jun 2026
WPI Fuel YoY 27.41 30.33 percent Jun 2026
WPI Manufacturing YoY 7.48 7.48 percent Jun 2026

Related Last Previous Unit Reference
Producer Prices MoM 0.27 0.92 percent Jun 2026
Producer Prices 109.90 109.60 points Jun 2026
Producer Prices YoY 9.57 9.38 percent Jun 2026
Wholesale Price Index 110.20 109.90 points Jun 2026
Wholesale Prices MoM 0.27 0.92 percent Jun 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
9.87 9.68 34.68 -11.31 1969 - 2026 percent Monthly
NSA

News Stream
India Wholesale Inflation Hits Highest Since 2022
India’s wholesale prices rose 9.87% yoy in June 2026, accelerating from a 9.68% gain in May and surpassing expectations of 9.15%. It was the fastest increase since September 2022, mainly driven by faster increases in food prices and a surge in fuel prices, while manufacturing prices also increased. The data are based on the new 2022–23 base year, replacing the earlier 2011–12 series. Fuel prices surged 27.41%, driven by a sharp rise in mineral oil prices (46.48%) and crude petroleum and natural gas prices (34.74%). Food inflation accelerated to 6.14% from 5.68% in May, marking the fastest increase since February 2025, with faster rises in both food articles (5.49% vs 3.60% in May) and non-food articles (11.07% vs 9.49%). Meanwhile, manufacturing inflation held steady at 7.48%, remaining at its fastest pace since August 2022, led by tobacco products (14.14% vs 13.59%), chemicals and chemical products (12.78% vs 13.40%), basic metals (12.31% vs 12.30%), and textiles (10.85% vs 10.22%).
2026-07-14
India Wholesale Inflation Nears 4-Year High
India’s wholesale prices advanced 9.68% year-on-year in May 2026, accelerating from a marginally revised 8.26% rise in April and surpassing expectations of 9.1%. This marked the fastest growth since September 2022, with manufacturing prices increasing at the fastest pace since August 2022, food prices rising at the fastest pace in 14 months, and fuel prices advancing at the fastest rate since September 2022 due to the impact of the Middle East crisis. Fuel prices surged 30.33%, driven by a sharp rise in mineral oil prices (49.82%) and crude petroleum & natural gas prices (61.51%). Meanwhile, manufacturing inflation accelerated to 7.48% from an upwardly revised 6.68%, led by tobacco products (13.59% vs 13.63% in April), chemicals and chemical products (13.40% vs 5.09%), basic metals (12.30% vs 10.59%), textiles (10.22% vs 7.30%), and food products (6.14% vs 4.53%). Food inflation also accelerated to a 14-month high of 4.49%.
2026-06-15
India Wholesale Price Inflation Highest Since 2022
India’s wholesale prices increased 8.30% year-on-year in April 2026, accelerating sharply from a 3.88% rise in March and surpassing expectations of 4.4%. This marked the fastest growth since October 2022, driven by a faster rise in manufacturing and food costs and a sharp increase in fuel prices due to the impact of the Middle East crisis. Fuel prices jumped 24.71%, marking the fastest increase since September 2022, driven by a sharp acceleration in petrol prices (32.40% vs 2.50% in March) and high-speed diesel (HSD) prices (25.19% vs 3.26%), while LPG prices rebounded (10.92% vs -1.54%). Meanwhile, manufacturing inflation accelerated to 4.62% from 3.39%, marking the fastest pace since September 2022, led by textiles (7.30% vs 4.91%), leather and chemicals and chemical products (5.09% vs 2.19%). Food inflation accelerated to a 12-month high of 2.31%, mainly driven by higher prices for eggs, meat & fish (6.68%), and milk (2.56%).
2026-05-14