India's wholesale price index (WPI) inflation showed a mild cooling in July 2026, with inflation easing to 9.78 per cent from 9.87 per cent in June 2026. The index for All Commodities also declined slightly to 110.0 in July 2026 from 110.2 in June 2026. The July WPI data showed divergent trends across major groups. Primary Articles inflation accelerated to 8.52 per cent in July 2026 from 7.0 per cent in June 2026, while Manufactured Products inflation rose to 8.29 per cent in July 2026 from 7.48 per cent in June 2026.
Fuel and Power provided some relief, with inflation declining substantially to 20.05 per cent in July from 27.41 per cent in June. Correspondingly, the Primary Articles and Manufactured Products indices increased to 117.2 and 108.4, respectively in July, while the Fuel and Power index fell to 105.4 in July from 111.1 June. The WPI Food Index, consists of ‘Food Articles’ from Primary Articles major group, and ‘Manufacture of Food Products’ from Manufactured Products major group, recorded inflation of 6.65 per cent in July 2026 as compared to 6.14 per cent in June 2026.
All India Output Producer Price Index (PPI) for All Commodities for July 2026 stands at 109.9, same as it was in June 2026. Further, output PPIs for Agriculture, Forestry and Fishing; Mining and Quarrying; Manufactured Products; and Electricity are 115.6, 119.4, 108.8, and 92.4, respectively, in July 2026, whereas those were 114.1, 121.5, 109.2, and 92.0, respectively, in June 2026.
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