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WPI inflation eases marginally to 9.78% in July; food, fuel and power prices cool

Wholesale Price Index (WPI) inflation eased marginally to 9.78% in July as food, fuel and power prices cooled. This is the first time under the new 2022-23 base year WPI series that inflation has dropped month-on-month, signalling some softening of wholesale-level price pressures.

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The WPI reading and the first m-o-m drop under the new base year are precise economy facts.

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Key facts

  • WPI inflation eased to 9.78% in July 2026
  • First month-on-month drop under the new 2022-23 base year series
  • Food, fuel and power prices cooled during the month

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