wholesale price inflation

India is set to introduce a Producer Price Index (PPI) on June 15, alongside a revised Wholesale Price Index (WPI). The government plans to phase out WPI within five years, adopting PPI as the primary measure for factory gate inflation. This move aligns India with global standards, offering a more comprehensive inflation metric.

India is transitioning from the Wholesale Price Index (WPI) to a more comprehensive Producer Price Index (PPI) to measure producer-level inflation. This overhaul, aligning with global practices, will see WPI and PPI run in parallel for five years before WPI is discontinued.

India's economy shows 'cautious resilience' despite global headwinds like Middle East conflict and rising oil prices. While manufacturing and services remain strong, and forex reserves offer a buffer, inflation concerns are mounting due to wholesale price surges. A weaker monsoon could further challenge growth and rural demand.

Indian consumers may soon face higher prices as wholesale inflation surges, driven by global conflicts impacting commodity and energy costs. While retail inflation remains soft for now, a widening gap between wholesale and consumer price indices suggests businesses will likely pass on increased production expenses, leading to costlier everyday goods and services in the coming months.

India's wholesale inflation surged to 8.30% in April 2026, a significant jump from March's 3.88%. This spike is primarily attributed to soaring fuel, power, and crude oil prices, exacerbated by the West Asia crisis. Mineral oils, basic metals, and manufactured products also contributed to the rise, impacting various sectors.

Sitharaman also pointed out that apart from higher crude oil prices, fertiliser prices have reached “unimaginable” levels, while elevated gold prices are creating challenges on the external sector front.

A weak rupee offers an immediate advantage to domestic manufacturers and exporters but won’t act as a magic wand

Rising Expenses Threaten Fresh Wave Of Price Rise In Daily Essentials

India's economy has faced significant challenges from global oil price surges over the past fifty years. From the 1973 Arab embargo to the recent Hormuz disruption, these shocks have impacted inflation and foreign exchange reserves. Policymakers have continuously adapted strategies to manage these crises, balancing economic stability with consumer needs.

Fuel prices saw a Rs 3 per litre increase on Friday. This move follows significant losses for state-run oil companies due to soaring global crude oil prices. The conflict in West Asia disrupted key shipping routes, pushing up import costs for India. This price adjustment comes after a period of frozen rates, impacting transportation and other sectors.

Positive inflation rate in March 2026 was mainly due to higher prices of crude petroleum and natural gas, manufactured products, non-food articles, basic metals and food items.

Odisha Chief Minister Mohan Charan Majhi has directed district collectors to take strict action against fertilizer black marketeers and hoarders to ensure equitable supply for the upcoming Kharif season. Amidst West Asia conflict concerns, the CM emphasized last-mile delivery and fair pricing for farmers, warning against any laxity in preventing hoarding of subsidized fertilizers.

Odisha Chief Minister Mohan Charan Majhi has ordered district collectors to take stern action against fertiliser hoarders and black marketeers. This move aims to ensure fair and equitable distribution of fertilisers for the upcoming Kharif season. Surprise inspections will be conducted at wholesale and retail points.