India’s Wholesale Price Index (WPI) inflation edged down slightly in July 2026, slipping to 9.78% year-on-year from 9.87% in June 2026, according to data updated on 14 August 2026. While the change marks a modest easing, wholesale inflation remains at a notably high level on an annual basis.
Both the current and previous readings are measured year-on-year, comparing each month’s price changes to the same month a year earlier. The June figure of 9.87% reflected the pace of wholesale price increases versus June of the prior year, while July’s 9.78% print similarly compares prices to July a year earlier.
The marginal decline suggests some tentative moderation in price pressures at the wholesale level, but the persistence of inflation near double digits underscores ongoing cost pressures within the economy and will likely remain a focus for policymakers and market participants monitoring India’s inflation trajectory.
