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WPI inflation rose to 9.92% in August 2026 from 9.78% in July, according to provisional data released by the Ministry of Commerce and Industry on 14 September.
Fuel and power inflation jumped to 22.93% from 20.05%. Manufactured products edged up to 8.37%, a high for the new series, while primary articles eased to 7.76% from 8.52%.
August's reading is the second highest in the new WPI series (base year 2022-23). June's figure was revised up to 9.97% from 9.87%.
Retail (CPI) inflation for August 2026 stood at 4.82%, above the RBI's 4% target. September WPI data is due on 14 October 2026.
| Feature | WPI | CPI |
|---|---|---|
| Compiled by | Office of the Economic Adviser, DPIIT (Ministry of Commerce and Industry) | National Statistics Office (NSO), MoSPI |
| Current base year | 2022-23 | 2024 (new series from January 2026) |
| Measures prices at | Wholesale / first point of bulk sale | Retail level, paid by consumers |
| Covers services | No, goods only | Yes |
| Used for RBI's inflation target | No | Yes: 4% target with a ±2% band |
| August 2026 reading | 9.92% | 4.82% |
Compiles and releases the WPI and the Output PPI
Compiles the Consumer Price Index
Sets the policy repo rate to meet the CPI inflation target. It held rates in August 2026 and meets next on 5-7 October 2026.
The Central Government, in consultation with the RBI, sets the inflation target in terms of CPI. This is why the MPC looks at retail inflation, not the WPI, even when wholesale inflation is close to 10%.
General Awareness > Economy > Inflation indices
GS Paper III > Indian Economy > Inflation; Prelims > WPI vs CPI
An index of price changes for goods at the wholesale stage. It has three major groups: primary articles, fuel & power, and manufactured products.
The reference year whose index is set to 100. The WPI base is now 2022-23.
Producer Price Index of output prices, released by the OEA alongside the WPI.