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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. It was the first month-on-month drop in wholesale inflation recorded under the new 2022-23 base year, offering early relief to producers after a sustained run of elevated wholesale price pressure across the wider economy.

Nabka Insight

WPI base-year revisions and month-on-month trend are recurring economy questions, distinct from CPI.

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Key facts

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

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