India's wholesale price index (WPI) inflation surged to 9.68 per cent in May 2026 under a new revised series, with higher food and fuel prices amid the continuing Middle East tensions due to the US-Iran war that inflated global crude prices and strained supply chains. India's wholesale inflation was 8.26% in April 2026.
The base year for the WPI has been revised from 2011-12 to 2022-23 and expands the number of commodities covered to 957 from 697. Under revised series, new sources of energy, such as Solar and Wind, have been added under ‘Electricity’ Group. In addition, Nuclear Electricity has been included in the basket. Further, Crude Petroleum and Natural Gas has been shifted from ‘Primary Articles’ to ‘Fuel and Power’ major group. This reorganization has been done to ensure better alignment, as this group already houses other major fuels such as coal, electricity, and petroleum products.
Across Major Groups, YoY inflation for Primary Articles, Fuel and Power, and Manufactured Products is 4.99 per cent, 30.33 per cent, and 7.48 per cent, respectively in May 2026, whereas it was 3.78 per cent, 24.89 per cent, and 6.68 per cent, respectively, in April 2026. Besides, India's wholesale food prices inflation stood at 4.49 per cent in May 2026.
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