WPI inflation eases to 9.78% in July as food, fuel and power cool
Wholesale Price Index (WPI)-based inflation eased marginally to 9.78% in July 2026 as prices of food, fuel and power cooled. Officials noted this was the first time inflation dropped month-on-month under the newly revised 2022-23 base year of the WPI series, signalling some moderation in wholesale-level input-cost pressures across major commodity groups.
Nabka Insight
WPI is a key price index tracked alongside CPI, and base-year revisions are examinable.
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- WPI inflation eased to 9.78% in July 2026.
- Food, fuel and power prices moderated.
- First month-on-month decline under the new 2022-23 base year.
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