Wholesale Price Index (WPI) manufacturing inflation in India edged higher to 2.92% year-on-year in February 2026, up from 2.86% in January 2026, according to data updated on 16 March 2026. The indicator measures the annual change in wholesale prices for manufactured goods, comparing each month with the same month a year earlier.
The latest reading suggests a mild firming in price pressures within the manufacturing sector, with February’s figure showing a slightly faster pace of inflation than in the previous month on a year-over-year basis. Both the current and previous indicators reflect year-on-year comparisons: February 2026 against February 2025, and January 2026 against January 2025, respectively.
While the increase from 2.86% to 2.92% is modest, the upward movement will be closely watched by market participants and policymakers as a signal of underlying cost dynamics in India’s manufacturing value chain.
