WPI Inflation Rises to 11.39 Per Cent in September 2026

The Ministry of Commerce and Industry put out the provisional wholesale price numbers for September 2026 on 14 October 2026. Wholesale inflation in the country quickened to 11.39 per cent on a year-on-year basis, against a reading of 9.92 per cent a month earlier in August 2026.

Where the index stands

Measured on the 2022-23 base year, the index for all commodities climbed to 112.5 in September 2026, having been 110.8 in August 2026. The provisional index for September 2026 was put together with a weighted response rate of 83.4 per cent.

How the major groups moved

The three major groups all ran hotter than in the previous month. Primary Articles inflated by 8.67 per cent, Fuel and Power by 25.85 per cent and Manufactured Products by 9.76 per cent; a month earlier the same groups stood at 7.76 per cent, 22.93 per cent and 8.37 per cent. Their index levels for September 2026 were 120.3, 110.5 and 110.2, against 118.1, 108.3 and 108.8 in August 2026.

Food basket and the drivers

The WPI Food Index, which carries a weight of 24.99 per cent and draws on food articles as well as manufactured food products, inflated by 8.66 per cent in September 2026 as against 7.05 per cent in August 2026. 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 named as the groups pushing the headline rate up.

Producer price indices

The release also carried the Output Producer Price Index and the trial Input Producer Price Index. Output PPI for all commodities reached 112.5 in September 2026 from 110.8 in August 2026. Within it, agriculture, forestry and fishing stood at 118.7, mining and quarrying at 129.2, manufactured products at 111.0 and electricity at 92.0 points. The trial Input PPI for the manufacturing sector was placed at 106.1 for September 2026.

Revisions and the next release

The final index for July 2026 was left where the provisional reading had put it, at 110.0, so that month's inflation rate also stayed at 9.78 per cent; it was compiled with a weighted response rate of 98.97 per cent. These indices are issued on the 14th of the month that follows the reference month, and the figures for October 2026 are scheduled for Monday, 16 November 2026.