# India Wholesale Price Inflation Accelerates to 11.39% in September

- URL: https://stocks.freetheai.org/news/india-wholesale-price-inflation-accelerates-to-11-39-in-september-acc9c3
- Published: 2026-10-15T09:01:40Z
- Category: macro; sentiment: bearish; impact: high
- Symbols: [NSE:BANKBARODA](https://stocks.freetheai.org/symbols/NSE-BANKBARODA)
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Wholesale price inflation in India accelerated to 11.39% in September from 9.92% in August, reaching the highest rate recorded in the current 2022-23 base-year series. The increase was propelled by steep price gains in fuel, power, primary food articles, and manufactured items. The overall Wholesale Price Index reached 112.5, matching the Producer Price Index, which also rose to 11.39%.

Broadening price hikes across essential categories indicate growing cost pressure throughout the economy. Fuel and power inflation increased to 25.85%, led by crude petroleum and natural gas inflation jumping to 57.32%. Primary food inflation rose to 8.14%, a 21-month high, while manufactured products inflation touched 9.76%. Excluded from volatile food and energy costs, core inflation increased to 9.8%, showing that price pressures have extended into broader consumer and industrial goods, according to analysis from Bank of Baroda (NSE:BANKBARODA).

Looking ahead, wholesale prices face ongoing pressure from fluctuating global oil markets and strengthening El Nino weather patterns, which pose upside risks to food prices. Investors should monitor energy market volatility surrounding upcoming United States mid-term elections and developments in agricultural output to gauge whether wholesale price growth will remain elevated in upcoming months.

## Key points

- Wholesale price inflation surged to 11.39% in September from 9.92% in August, hitting a series high.
- Crude petroleum and natural gas inflation spiked to 57.32%, driving fuel and power inflation up to 25.85%.
- Primary food inflation jumped to 8.14%, reaching its highest mark in 21 months.
- Core wholesale inflation, excluding food and fuel, rose to 9.8% from 8.1% in August.
- Manufactured products inflation reached 9.76%, with higher prices across basic metals, chemicals, and textiles.

## Questions and answers

### What caused India's wholesale inflation to rise in September?

India's wholesale inflation accelerated to 11.39% due to rising prices for crude oil, natural gas, primary food articles, and manufactured goods. Fuel and power inflation jumped to 25.85%, while primary food inflation climbed to 8.14%.

### How much did core wholesale inflation increase in September?

Core wholesale inflation, which excludes volatile food and fuel categories, rose to 9.8% in September from 8.1% in August, reaching a high in the current series.

### What key risks could keep wholesale inflation high in the near term?

Wholesale inflation faces potential upward pressure from oil price volatility ahead of U.S. mid-term elections and strengthening El Nino conditions that threaten food prices.