India’s wholesale inflation rose sharply in April 2026, with the annual rate of inflation based on the All India Wholesale Price Index standing at 8.30%, compared with 3.88% in March 2026. The latest reading also came in significantly above the estimated 5.50%.
According to the Ministry of Commerce and Industry, the positive rate of inflation in April 2026 was primarily driven by higher prices of mineral oils, crude petroleum and natural gas, basic metals, other manufacturing and non-food articles.
The All Commodities WPI index rose to 167.0 in April 2026 from 160.8 in March 2026. The month-on-month change in WPI for April stood at 3.86%, compared with March 2026.
Fuel and power inflation jumps sharply
The biggest pressure came from the Fuel and Power category, where inflation surged to 24.71% in April 2026. The index for this group rose sharply by 18.22% month-on-month to 181.7 from 153.7 in March. The rise was mainly driven by a 29.37% month-on-month increase in mineral oils, while electricity prices declined by 2.53%.
Primary articles and manufacturing also rise
Inflation in Primary Articles stood at 9.17% in April 2026. The index for the group increased 2.58% month-on-month to 202.4, supported by higher prices of crude petroleum and natural gas, food articles and minerals. Crude petroleum and natural gas prices rose 16.42% month-on-month, while food articles increased 1.41%.
The Manufactured Products category recorded inflation of 4.62% in April 2026. The index rose 1.40% month-on-month to 151.6, with 21 out of 22 manufacturing groups witnessing price increases. Major groups showing higher prices included basic metals, chemicals and chemical products, textiles, food products and machinery and equipment.
Food inflation remains relatively lower
The WPI Food Index increased to 195.1 in April 2026 from 192.8 in March 2026. Food inflation rose to 2.31%, compared with 1.85% in March.
Key WPI numbers for April 2026
Category | March 2026 inflation | April 2026 inflation |
|---|---|---|
All Commodities | 3.88% | 8.30% |
Primary Articles | 6.36% | 9.17% |
Fuel and Power | 1.05% | 24.71% |
Manufactured Products | 3.39% | 4.62% |
Food Index | 1.85% | 2.31% |
The sharp jump in WPI inflation indicates renewed wholesale price pressure, largely led by fuel, crude-linked products and input costs. The April print will be closely tracked by markets as it comes at a time when crude oil prices, rupee weakness and geopolitical tensions are already influencing inflation expectations.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Economic data and market-linked developments are subject to revision and interpretation. Always consult a qualified financial advisor before making investment decisions.