New Delhi, Oct. 15 -- India's wholesale price inflation is likely to remain elevated through the current financial year as higher global energy and food prices, along with an unfavourable base effect, continue to put pressure on prices, ICICI Bank said in a research report.

Wholesale price index (WPI) inflation rose to 11.4 per cent year-on-year in September 2026 from 9.9 per cent in August, driven by higher fuel, manufactured goods and food prices, the report said. Inflation was at minus 0.2 per cent in September 2025, creating a low base for comparison.

"Given the current headwinds and unfavorable base effect, wholesale inflation is likely to remain elevated in the near term," the report said.

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