India's Wholesale Inflation Surges Over 2-Year High at 9.87% in June 2026, as Food and Fuel Prices Surge

India's Wholesale Price Index (WPI)-based inflation accelerated to 9.87% in June 2026, marking its highest level in more than 2 years, as per news reports. 

The reading was higher than 9.68% recorded in May, extending the upward trend for the sixth consecutive month as food prices, fuel costs and manufacturing inflation continued to keep producer prices elevated. 

Food and Primary Articles Push Inflation Higher 

Inflation in primary articles increased to 7% in June from 4.99% in May 2026. 

Within this category, food articles inflation rose to 5.49% from 3.60%, while non-food articles increased to 11.07% from 9.49%. Inflation in minerals also climbed sharply to 9.45%, compared with 4.91% in the previous month. 

The WPI Food Index accelerated to 6.14% in June 2026 from 4.49% in May 2026. 

Fuel Costs and Factory Prices 

Although fuel and power inflation eased to 27.41% from 30.33% in May 2026, it remained the largest contributor to headline wholesale inflation. 

Within the category, mineral oils recorded inflation of 46.48%, lower than 49.82% in May 2026, while crude petroleum and natural gas inflation moderated to 34.75% from 61.51%. Coal and electricity prices remained comparatively lower. 

Meanwhile, manufactured products, which account for more than 63% of the WPI basket, recorded inflation of 7.48%, unchanged from May 2026, indicating continued pricing pressures across factories. 

Producer Prices and Crude Oil 

The Producer Price Index (output inflation) increased to 9.6% from 9.4%, while input prices rose 2.1% month-on-month in June 2026. 

Crude oil prices also moved higher, with Brent crude trading at around $85 per barrel, compared with about $72 a week earlier, amid renewed tensions in West Asia and the reported blockade of the Strait of Hormuz, adding to inflationary pressures. 

Read More: India's Retail Inflation Rises to 4.38% in June 2026; Food Inflation at 5.32%! 

Conclusion 

June's wholesale inflation data reflected broader price pressures across food, primary articles, fuel and manufacturing. The latest WPI reading marked the sixth straight monthly increase, with producer prices remaining elevated across multiple sectors.   

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