India’s wholesale price inflation reached 2.13% in February 2026, the highest in 11 months. The rise was fueled by higher food, non-food articles, and manufactured goods, despite easing vegetable prices. Economists caution that global crude oil volatility could further elevate WPI, impacting India’s inflation trajectory and economic stability.
The Department for Promotion of Industry and Internal Trade (DPIIT) reported WPI inflation at 2.13% in February, up from 1.81% in January. This marks the fourth consecutive monthly increase, reflecting cost pressures across multiple sectors.
Drivers Of Inflation
• Food articles inflation rose to 2.19% from 1.55% in January.
• Manufactured products inflation climbed to 2.92%.
• Vegetable inflation moderated to 4.73% from 6.78%, but pulses, potatoes, and protein-rich items saw higher prices.
Crude Oil Impact
Economists highlight that rising global crude prices could further push WPI higher, given India’s dependence on imports for energy needs.
Policy Implications
Persistent wholesale inflation may spill over into retail inflation, complicating monetary policy decisions for the Reserve Bank of India.
Key Highlights
• WPI inflation at 11-month high of 2.13% in February 2026
• Fourth consecutive monthly rise in wholesale inflation
• Food articles and manufactured goods drove the increase
• Vegetable inflation eased, but pulses and protein items rose
• Rising crude oil prices expected to push WPI higher
Sources: Deccan Herald, The Times of India, Business Standard, Press Information Bureau, DD News, The Hindu