India WPI inflation rises to 9.87% in June
Analysis based on 24 articles · First reported Jul 14, 2026 · Last updated Jul 14, 2026
The higher-than-expected wholesale inflation signals persistent cost pressures across the economy, which may prompt the State Bank of India to maintain or tighten monetary policy. Elevated input costs could squeeze corporate margins and weigh on consumer demand, while energy import costs remain high due to the Strait of Hormuz blockade.
India's wholesale price inflation accelerated to 9.87% in June 2026, up from 9.68% in May, driven by higher prices of food articles, mineral oils, basic metals, and chemicals. The Ministry of Commerce and Industry released the data, which exceeded economists' expectations of 9.15%. The WPI Food Index rose to 6.14% from 4.49% in May. Fuel and power inflation eased to 27.41% from 30.33%, while manufactured products inflation remained unchanged at 7.48%. The State Bank of India had previously raised its inflation projection for the fiscal year to 5.1% from 4.6%, citing input cost pressures from elevated global energy prices due to the West Asia crisis and blockade of the Strait of Hormuz. Retail inflation also rose to a 17-month high of 4.38% in June.
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