The Indian wholesale price index, based on the rate of inflation, increased to 11.39% on a yearly basis in September 2026, from 9.92% seen in August, and continued to be in double digits, the Ministry of Commerce and Industry figures show. The All India Wholesale Price Index of all items stood at 112.5 in September, rising from 110.8 in August as wholesale prices increased in many important industries in the country’s economy.

Sectoral breakdown and significant increase

The official release highlights a broad-based upward trend: 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 were among those items that contributed. These collections are all price increases broadly, because of a general rise in prices for raw materials, energy inputs, and manufactured goods.

In fuel and power, inflation accelerated to 25.85% in September, up from 22.93% in August, making it the highest of all the division groups tracked by the ministry. The fuel and power category index increased to 110.5 from 108.3 in the same period. This substantial rise highlights the strong positive pressure that energy prices put on general price movements in the wholesale market.

The inflation rate of manufactured items went up to 9.76% in September, from 8.37% in August, while the corresponding index was at 110.2 in September, from 108.8 in August. The primary articles index rose to 8.67% in September from 7.76% in August, with the corresponding index rising to 120.3 from 118.1.

The wholesale price index for food, which forms 24.99% of the total index, rose to 8.66% on a yearly basis in September, from 7.05% in August, as per the government statement. It is noteworthy here that the food index consists of the food articles in the primary articles and manufacture of food products items in manufactured products.

Previous data review and price index

For the previous month’s data, the ministry said that the final wholesale price index for July 2026 was still 110.0, the same as the provisional. The final wholesale price index inflation rate for July is 9.78%.

This final index of July was compiled with a weighted response rate of 98.97% for the base year 2022-23, while the provisional index of September was prepared with a weighted response rate of 83.4%.

In the meantime, the All India Output Producer Price Index for all commodities was 112.5 in September as compared to 110.8 in August. Among individual sectors, the output producer price index for mining and quarrying went up to 129.2 in September from 122.0 in August. 

Agriculture, forestry and fishing went up to 118.7 from 116.5, while manufactured products went up to 111.0 from 109.7. The electricity index went up to 92.0 in September from 90.9 in August, while the final output index for July 2026 was still 109.9 as compared to its provisional.

Conclusion

The data released by the Ministry of Commerce and Industry shows that the inflation rate in India’s wholesale price index has been increasing on an upward trend until September, rising from 9.92% to 11.39%. Inflation was fueled by fuel and electricity, and other factors, including a rise in manufactured goods, primary articles, and the food index. This is seen as a result of the changes occurring in the economy, which have been captured in the wholesale and producer price indexes.