India’s wholesale prices advanced 9.68% year-on-year in May 2026, accelerating from an 8.30% rise in April and surpassing expectations of 9.1%.
This marked the fastest growth since September 2022, with manufacturing prices increasing at the fastest pace since August 2022, food prices rising at the fastest pace in 14 months, and fuel prices advancing at the fastest pace since September 2022 due to the impact of the Middle East crisis.
Fuel prices surged 30.33%, driven by a sharp rise in mineral oil prices (49.82%) and crude petroleum & natural gas prices (61.51%).
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