India’s Wholesale Inflation Rises to 11.39% in September Amid Higher Food and Fuel Prices

India’s wholesale price index (WPI) inflation climbed to 11.39% in September 2026, rising from 9.92% in August, as higher food, fuel and manufactured goods prices increased pressure on the economy. The latest figures indicate a continued acceleration in wholesale prices, with global energy market disruptions contributing to the upward trend.

According to the report, food inflation rose to 8.66% in September from 7.05% in the previous month. The increase reflects the growing cost of food items, adding to the pressure on businesses and consumers across the supply chain. Higher wholesale food prices can eventually affect retail prices, depending on how much of the increase is passed on to consumers.

Fuel and power inflation also recorded a significant rise, reaching 25.85% in September, compared with 22.93% in August. The increase comes amid international energy market volatility and disruptions linked to the conflict in West Asia. Concerns surrounding the Strait of Hormuz, a critical route for global oil shipments, have further contributed to uncertainty in energy markets.

Inflation in manufactured products increased to 9.76% in September from 8.37% in August. Rising input and energy costs can raise production expenses for manufacturers, potentially affecting prices across several sectors.

The increase in wholesale inflation comes alongside a rise in retail inflation. Consumer price inflation reportedly climbed to 5.54% in September from 4.83% in August, suggesting that price pressures have extended beyond wholesale markets.

Wholesale inflation measures changes in the prices of goods sold in bulk, while retail inflation tracks the prices consumers pay for goods and services. Movements in wholesale prices can influence retail inflation over time, although the relationship depends on demand, supply conditions and the extent to which businesses pass on higher costs. Sustained increases in food, fuel and manufacturing costs could affect business margins and household purchasing power in the coming months.