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India WPI Inflation Hits 11.39% in September 2026

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India’s WPI inflation rose to 11.39% in September 2026 from 9.92% in August, according to provisional data released by the Ministry of Commerce and Industry on Wednesday, October 14. The all-commodities index rose to 112.5 from 110.8 (base year 2022-23).

Fuel and power inflation stood at 25.85%, manufactured products at 9.76% and primary articles at 8.67%. The WPI food index rose 8.66% year on year, up from 7.05% in August.

What Drove WPI Inflation Higher in September 2026?

The ministry identified mineral oils, food articles, crude petroleum and natural gas, and coal and lignite among the drivers. In manufacturing, the named contributors were basic metals, chemicals and chemical products, textiles, rubber and plastic products, and electrical equipment.

How Did Each Component Move?

Fuel and power inflation rose to 25.85% from 22.93%. Within it, crude petroleum and natural gas inflation was 57.32%, up from 34.41% in August, mineral oils 40.02% and coal and lignite 9.31%. Manufactured products inflation rose to 9.76% from 8.37%, and primary articles to 8.67% from 7.76%.

What Does This Mean for Textiles, Chemicals and Industry?

The textiles index rose to 105.2 in September from 104.3 in August, wearing apparel to 113.1 from 112.4, while leather and related products slipped to 109.1 from 109.7. Chemicals and chemical products stood at 106.0. For manufacturers, higher fuel and input costs show up first in these indices before they reach consumer prices.

Market and Trade Reaction

No separate market reaction or statement from industry bodies on the WPI release was found in the reports reviewed. Bloomberg Economics, in a report published this week, projects inflation of 4.5% in 2026 and 5.3% in 2027 on a different measure, so the figures are not directly comparable.

What Happens Next?

The September figures are provisional, based on a weighted response rate of 83.4%, and may be revised. The final July index stayed at 110.0, so final July inflation remained 9.78%. The next release, covering October 2026, is scheduled for November 16, 2026.

Frequently Asked Questions

What is India’s WPI inflation for September 2026?

WPI inflation was 11.39% in September 2026, up from 9.92% in August, according to the Ministry of Commerce and Industry.

Which component rose the most?

Fuel and power inflation was the highest at 25.85%, driven by crude petroleum and natural gas at 57.32% and mineral oils at 40.02%.

When is the next WPI release?

The October 2026 data is scheduled for release on November 16, 2026.

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