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Wholesale inflationary pressures intensify in India in September
Oct-14-2026

India's wholesale price index (WPI) inflation rose significantly in the month of September 2026 to 11.39 per cent, as compared to 9.92 per cent in August 2026, due to a sharp rise in fuel and power, food and manufactured product prices. 

Year-on-year (YoY) inflation accelerated across all three major groups in September 2026. Inflation in Primary Articles rose to 8.67 per cent from 7.76 per cent in August, while Fuel and Power inflation increased to 25.85 per cent from 22.93 per cent. Manufactured Products inflation also edged up to 9.76 per cent from 8.37 per cent in the preceding month. Correspondingly, the indices for Primary Articles, Fuel and Power, and Manufactured Products increased to 120.3, 110.5, and 110.2, respectively, in September 2026 from 118.1, 108.3, and 108.8 in August 2026.

Further, WPI Food Index, consists of ‘Food Articles’ from Primary Articles major group, and ‘Manufacture of Food Products’ from Manufactured Products major group, observed a YoY inflation of 8.66 per cent in September 2026, compared to 7.05 per cent in August 2026.

Meanwhile, all India Output PPI for All Commodities for September 2026 stands at 112.5, whereas it was 110.8 in August 2026. Output PPIs for Agriculture, Forestry and Fishing; Mining and Quarrying; Manufactured Products; and Electricity are 118.7, 129.2, 111.0, and 92.0, respectively, in September 2026, whereas those were 116.5, 122.0, 109.7, and 90.9, respectively, in August 2026.

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