WPI inflation climbs to 11.39% in September from 9.92% in August
India's wholesale inflation jumped to 11.39% in September 2026, driven by fuel, power, and food prices. Read the full breakdown here.
India's wholesale price landscape witnessed a significant surge in September 2026, as the WPI inflation rise September data revealed a jump into double digits. According to the latest figures released by the Ministry of Commerce and Industry, the Wholesale Price Index (WPI) inflation climbed to 11.39 per cent on a year-on-year basis, up from the 9.92 per cent recorded in August.
The All India Wholesale Price Index for all commodities saw its value increase to 112.5 in September, compared to 110.8 in the previous month, signaling a broad-based increase in wholesale costs across multiple vital sectors of the economy.
Fuel and Power Lead the Inflationary Surge
The spike in wholesale prices was not uniform but was heavily propelled by specific high-impact sectors. The Fuel and Power segment emerged as the most significant driver of this upward trend. This category recorded the highest annual inflation rate at a staggering 25.85 per cent in September, a notable jump from the 22.93 per cent seen in August. The index for this segment rose to 110.5 from 108.3 during the same period.
Several other key sectors contributed to the rising inflationary pressure, including:
- Mineral oils, crude petroleum, and natural gas
- Coal and lignite
- Basic metals
- Chemicals and chemical products
- Textiles, rubber, and plastic products
- Electrical equipment
Breakdown of Manufactured and Primary Articles
The inflationary pressure extended deep into the manufacturing and primary goods sectors. Manufactured Products saw their inflation rate increase to 9.76 per cent in September, up from 8.37 per cent in August, with the index rising to 110.2 from 108.8.
Similarly, inflation in Primary Articles accelerated to 8.67 per cent in September, compared to 7.76 per cent in the preceding month. The index for this group climbed to 120.3 from 118.1.
Rising Food Costs Impact the Index
The WPI Food Index, which carries a significant weight of 24.99 per cent in the overall index, also showed signs of stress. Food inflation recorded an annual rate of 8.66 per cent in September, marking an increase from the 7.05 per cent reported in August. This food index is a composite of Food Articles under the Primary Articles group and the Manufacture of Food Products under the Manufactured Products category.
Output Producer Price Index (PPI) Trends
Parallel to the WPI, the All India Output Producer Price Index (PPI) for all commodities also moved upward, standing at 112.5 in September compared to 110.8 in August. The data showed varied movements across different industries:
- Mining and Quarrying: The Output PPI rose to 129.2 in September from 122.0 in August.
- Agriculture, Forestry, and Fishing: Increased to 118.7 from 116.5.
- Manufactured Products: Rose to 111.0 from 109.7.
- Electricity: The index increased to 92.0 from 90.9 in August.
The ministry also noted that the final WPI index for July 2026 remained unchanged at 110.0, resulting in a final July inflation rate of 9.78 per cent. The September provisional index was prepared using a weighted response rate of 83.4 per cent, based on the 2022-23 base year.