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CPI & WPI Trends — India (CPI from MoSPI, WPI from DPIIT)

August 02, 2026

Combined Consumer Price Index across 13 states plus the All-India benchmark, and the national Wholesale Price Index, drawn from the MoSPI connector on 18 July 2026.

MoSPI Dataset Analysis — Statistical Bulletin

CPI runs hottest in the south; WPI breaks a year of calm

WPI year-on-year inflation, June 2026 Base 2022-23 series, Office of the Economic Adviser (DPIIT) 27.41% Fuel & Power 9.87% Headline WPI 7.48% Manufactured Products 7.00% Primary Articles 0% 30% Source: eaindustry.nic.in (Office of the Economic Adviser, DPIIT), press release 14 Jul 2026
WPI year-on-year inflation by component, June 2026 (base 2022-23 series). Source: Office of the Economic Adviser, DPIIT.
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SOURCE: Wholesale Price Index from the Office of the Economic Adviser, DPIIT, Ministry of Commerce & Industry (eaindustry.nic.in) — base 2011-12 series and the current official base 2022-23 series; Consumer Price Index (base 2024) from MoSPI. WPI is not a MoSPI product — the earlier attribution of it to MoSPI was wrong. WPI retrieved 5 Aug 2026 from the published monthly index files.
Updated data
Full WPI history, April 2012 to June 2026 — both base years, with year-on-year rates
The 16-month panel below was the original pull. The complete record, including the rebasing from 2011-12 to 2022-23 and inflation rates computed from the index, is in Fourteen Years of Indian Wholesale Prices. Headline WPI inflation was 9.87% in June 2026 (index 110.2, base 2022-23), with Fuel & Power at 27.41%.

Consumer Price Index — state-wise, Jan 2025 – Jun 2026

Panels share one index scale (100–110) and are ranked by latest year-on-year inflation, hottest first.

Traders and produce at the Koyambedu wholesale market, Chennai
The Koyambedu wholesale market in Chennai, the kind of trading floor whose price movements the Wholesale Price Index tracked in this bulletin is built to capture. India - Koyambedu Market - Market 01, McKay Savage, CC BY 2.0, via Wikimedia Commons.
State All India (benchmark) YoY inflation ≥ 5%

Panels are ranked by latest year-on-year inflation, hottest first — but that YoY figure is only computable for January 2026 onward in this series, since the base-year-2024 series has no 2024 comparison months to diff against. The sparkline itself still covers the full Jan 2025–Jun 2026 window; only the labeled % is limited to the last six months.

View full CPI index table (18 months × 13 states)

Wholesale Price Index — All India, Jan 2025 – Apr 2026

No state-level WPI series is published — WPI is compiled nationally only.

This line plots the raw index level (base 2011-12 = 100) for the 16 months the original pull covered. That framing was too pessimistic — a year-on-year rate is straightforward arithmetic on the index, and the Office of the Economic Adviser publishes the rate directly as well. The full-history panel below carries both, April 2012 to June 2026.

View full WPI index table (16 months)

Wholesale Price Index — full history, April 2012 to June 2026

Index level and year-on-year inflation, both base years. YoY is computed from the index itself.

Index level, base 2011-12 = 100 YoY inflation %, 2011-12 base Current official series, base 2022-23 = 100

Two corrections to the 16-month chart above. First, WPI is published by the Office of the Economic Adviser, DPIIT (Ministry of Commerce & Industry) — not by MoSPI, which publishes CPI. Second, a year-on-year rate is simple arithmetic on the index (index divided by its value twelve months earlier, minus one), so there was never a reason to show only the raw level. Every YoY figure here is computed that way, and it reproduces the published rate exactly: for June 2026 it returns 9.87% headline, 7.00% Primary Articles, 27.41% Fuel & Power and 7.48% Manufactured Products — identical to the second decimal to the Office of the Economic Adviser press release of 14 July 2026. It also returns 8.36% for April 2026, matching that release's revised final estimate.

Why two lines with different bases. WPI was rebased from 2011-12 to 2022-23 inside this window. The long blue line is the 2011-12 series (April 2012 to April 2026), which is what makes a fourteen-year comparison possible at all. The green dashed line is the current official 2022-23 series (April 2023 to June 2026). Their levels are not splice-able — a rebasing resets the index to 100 on a new basket — but their inflation rates are directly comparable, which is the honest way to read across the break.

View full WPI table (169 months on 2011-12 base · 39 months on 2022-23 base)
Errata & data caveats
  • Series update (Aug 2026): the Office of the Economic Adviser (eaindustry.nic.in) has since released May and June 2026 WPI on a new 2022-23 base — June 2026 WPI inflation printed 9.87% YoY (PIB) — so this page's Jan 2025–Apr 2026 series is the final stretch of the old 2011-12 base and is not directly comparable with the new-base releases.
  • WPI's April 2026 reading (167) is a ~3.9% one-month jump versus March's 160.8 after four quarters near 154–158 — verify against an official MoSPI/RBI release before citing.
  • February 2026 IIP and CPI both show mild non-monotonic wobbles state-to-state; treat single-month moves as provisional pending revision.
  • RBI foreign exchange reserves lag roughly a year in this connector — the latest row returned was June 2025 even when 2026 was explicitly requested.
  • CPI year-on-year inflation is only computable from January 2026 onward in the connector's base-year-2024 series, since that series has no 2024 comparison months.
herrrickshaw/mospi-dataset-analysis — generated from a live MoSPI connector session, not an official MoSPI publication

About this article: Researched, written and edited by Umashankar Triplicane Dwarakanathan, with AI research assistance; every figure is meant to trace to the primary source cited. See the Editorial Policy for how sourcing, AI use and corrections work.

Umashankar Triplicane Dwarakanathan
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Umashankar Triplicane Dwarakanathan
Investment Promotion & Energy-Sector Leader · Chennai, Tamil Nadu, India
LinkedIn → GitHub → Email +91 78273 81696
How this site works

Data-led analysis of India's trade, currency and industrial policy. Every article is built from primary official sources, and every figure links back to the release, table or filing it came from.

Sources. DGCI&S TradeStat (imports/exports, HSN-wise) · PIB (government press releases, January 2017 to today, refreshed daily) · RBI (circulars, balance of payments) · MoSPI (CPI/WPI, IIP) · PARIVESH (environmental clearances) · CCIL (bond yields) · BIS (policy rates) · SEBI, NSE/BSE and SEC filings for company data.

Interpretation. Figures carry their vintage and retrieval date; estimates and press-reported numbers are labelled as such; where sources disagree, both are shown. Corrections are made visibly, never silently. Articles are written with AI assistance from the cited sources — AI-generated text can misstate figures even when working from real material, so verify any number that matters to a decision against the linked primary source.

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