India’s wholesale prices increased 9.87% year-on-year in June 2026, accelerating from a 9.68% rise in May and surpassing expectations of 9.15%.
This marked the fastest growth since September 2022, mainly driven by faster increases in food prices and a surge in fuel prices, while manufacturing prices also increased.
Fuel prices surged 27.41%, driven by a sharp rise in mineral oil prices (46.48%) and crude petroleum & natural gas prices (34.74%).
Food inflation accelerated to 6.14% from 5.68% in May, marking the fastest increase since February 2025.
Meanwhile, manufacturing inflation held steady at 7.48%, remaining the quickest pace since August 2022, led by tobacco products (14.14% vs 13.59% in May), chemicals and chemical products (12.78% vs 13.40%), basic metals (12.31% vs 12.30%), textiles (10.85% vs 10.22%), and food products (7.20% vs 6.14%).
