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WPI Inflation Quickens to 11.39% in September From 9.9% in August

Fuel and food costs drove wholesale inflation higher, while manufactured products also climbed and the Reserve Bank of India raised rates earlier this month.

  • India's Wholesale Price Index rose to 11.39% in September, up from 9.92% in August, according to official data released by the Commerce and Industry ministry on Wednesday.
  • The West Asia war and resulting blockade of the Strait of Hormuz restricted crude oil imports into India, driving up global fuel and fertilizer costs that cascaded through the economy.
  • Within the WPI, fuel and power inflation surged to 25.85% in September, while manufactured products hit a series high of 9.76% and the wholesale food index climbed to 8.66% from 7.05% in August.
  • Last week, the Reserve Bank hiked benchmark policy rates by 25 basis points to 5.50%, with Governor Sanjay Malhotra flagging that inflation's outlook is not benign.
  • Economists surveyed earlier this month expect food inflation to remain elevated, with some projecting it could rise between 7-8% over the next three to six months.
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Wholesale Inflation: Inflation pressures have now expanded beyond food and beverages to fuel and factory goods. Wholesale inflation rose to 11.39% in September, compared to 9.92% in August. Rising prices of food items, manufactured goods, and fuel and electricity have raised concerns. Retail inflation has also increased.

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Times of India broke the news in India on Wednesday, October 14, 2026.
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