India's Wholesale Inflation Rises to 9.87% in June 2026

India’s wholesale price inflation, (WPI) increased to around 9.87% in month of June 2026, this numbers are reported by the Ministry of Commerce and Industry. This growth has been mainly accounted by the higher prices of the foods, mineral oils, basic metals, and chemicals, showcasing that the economy is facing the persistent cost pressure. The most recent figures were reported just a day after the new report on retail inflation was released, thus it indicating that inflation pressures may not be as high as before.

Wholesale Figures Rose to 9.87% in June

According to the most recent data released, India’s Wholesale Price Index (WPI) inflation increased to 9.87% for June 2026, compared to 9.68% for May.

Key Takeaways

WPI Inflation (June 2026): 9.87%
WPI Inflation (May 2026): 9.68%
Wholesale Price Index: 110.2 (up from 109.9 in May)
Main Factors Affecting WPI: Food products, mineral oils, basic metals, chemicals and chemical products

An increase was witnessed in input prices in most sectors of economy, despite decreasing inflation levels in certain fuel prices.

Increase in Retail Inflation Also

The WPI report was then followed by the CPC report that stated retail inflation grew to 4.38% for June as compared to 3.93% for May.

Consumer Food Price Index (CFPI)

June 2026: 5.32%
May 2026: 4.78%

The increase in food inflation at both wholesale and retail levels indicates the steady increase of prices in the food markets.

Food Prices Continue to Drive Inflation

The prices of food items has become the prime factor behind the hike in wholesale inflation.

Primary Articles Inflation

Inflation in primary articles reached 7.00 percent in June as against inflation of 4.99 percent in May.

On a sub-category basis,

Inflation in food articles: 5.49 percent (up from 3.60 percent)
Inflation in non-food articles: 11.07 percent (up from 9.49 percent)
Rise in prices of farm products affected the general WPI figure.

Fuel and Power Inflation Pushed Downwards

The price of fuel has also lowered down, yet it continued to rank among the top influencers of wholesale inflation.

In June 2026

Fuel and power inflation accounted 27.41 percent
In May 2026: Fuel and power inflation accounted 30.33 percent.

Mineral oils

In June: 46.48 percent
In May: 49.82 percent.

Crude oil and natural gas

June: 34.75 percent
In May: 61.51 percent.

Electricity

The price of the electricity was in deflation so it experienced deflation of -0.76 percent.
Though the easing up of crude oil inflation brings some amount of relief, the prices of fuels remained high.

Inflation in Manufacturing Sectors

The inflation rates of numerous manufactured goods remained constant.

Manufacturing Inflation Rate

June 2026: 7.48%
May 2026: 7.48%

Nevertheless, a number of categories of industry saw marked price rises,

Manufactured Food Products: 7.20%
Textiles: 10.85%
Raw Metallurgy: 12.31%
Chemicals and Chemical Products: 12.78%

This data suggests persistent pressures of pricing on manufacturers, even though the aggregate manufacturing index is stable.

WPI Food Index Also Rising

The WPI food index (which combines food commodities and manufactured food products) showed rapid increases in June.

June 2022: 6.14%
May 2026: 4.49%

The index in itself went from 114.0 until 115.8 in June (which suggests general improvement of prices of food industry).

What is WPI?

The Wholesale Price Index indicates the changing prices of commodities exchanged at the wholesale level ahead of their final sale to consumers.

WPI is different from the Consumer Price Index, which measures the prices paid at retail by the consumers since it measures price variations at the producer or wholesaler levels.

It is a significant indicator of the following,