Wholesale inflation spikes to 11.39% in Sep-26, fuel and power prices zoom higher by around 26%

India's wholesale price index (WPI) inflation jumped to 11.39% on a year-on-year (YoY) basis in September 2026, up from 9.92% in August, according to data released by the Ministry of Commerce and Industry. The All-India Wholesale Price Index for all commodities edged higher to 112.5 in September from 110.8 in the preceding month, reflecting an increase in wholesale prices across several key sectors. According to the release, the rise in WPI inflation was mostly driven by mineral oils, food articles, crude petroleum and natural gas, coal and lignite, basic metals, chemicals and chemical products, textiles, rubber and plastic products, and electrical equipment.

Among the major categories, Fuel and Power saw the highest annual inflation rate at 25.85% in September, compared to 22.93 per cent in August. The index for the segment rose to 110.5 from 108.3 during the period. Inflation in Manufactured Products gained to 9.76% in September from 8.37% in previous month.

Primary Articles inflation jumped to 8.67% in September from 7.76%in the previous month. The WPI Food Index recorded an annual inflation rate of 8.66% in September, up from 7.05% in August.

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