India WPI Inflation Climbs to 9.87% in June, Beats Estimates

India’s wholesale price inflation accelerated to 9.87% year-on-year (YoY) in June 2026, up from the revised 9.68% in May 2026, according to provisional data released by the Ministry of Commerce & Industry on 14 July 2026. The Wholesale Price Index (WPI) for all commodities rose to 110.2 in June from 109.9 in May, based on the 2022-23 base year.

Among the major categories, Primary Articles inflation stood at 7.0%, Fuel and Power inflation was 27.41%, and Manufactured Products inflation came in at 7.48% in June 2026. The corresponding WPI indices were 116.1 for Primary Articles, 111.1 for Fuel and Power, and 107.8 for Manufactured Products, compared with 113.7, 113.0, and 107.8, respectively, in May 2026.

The government said Mineral Oils (containing Petroleum Products), Food Articles, Manufacture of Basic Metals, and Manufacture of Chemicals and Chemical Products were the major drivers of WPI inflation during June 2026. The WPI Food Index, which carries a 24.99% weight, recorded 6.14% YoY inflation in June, up from 4.49% in May.

The final WPI data for April 2026 was also revised. The all-commodities index was revised to 108.9 from the provisional estimate of 108.8, while April WPI inflation was revised upward to 8.36% from the provisional 8.26%.

The ministry said the final April 2026 WPI estimate was compiled with a 97.5% weighted response rate, while the provisional June 2026 estimate was based on an 82.6% weighted response rate.

India’s Retail Inflation Rises to 4.38% in June, Food Inflation Hits 5.32%