India Wholesale Inflation Hits Highest Since 2022

2026-07-14 06:43 By Chusnul Chotimah 1 min. read

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%).



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