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WPI inflation eases to 9.78% in July 2026

Wholesale Price Index (WPI) based inflation eased marginally to 9.78% in July 2026 as food, fuel and power prices cooled. This is the first month-on-month decline in wholesale inflation under the new 2022-23 base year, signalling some softening of price pressure at the wholesale level.

Nabka Insight

Key wholesale inflation print and the first month-on-month fall under the revised base year.

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Key facts

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

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