New Delhi, Aug. 15 -- India's wholesale price inflation (WPI) is likely to remain elevated through FY27 amid a low base, higher food and fuel prices and uncertainty around global energy prices, even as the headline rate marginally eased to 9.8 per cent in July from 9.9 per cent in June, according to a research report by ICICI Bank.

The report said there is an expectation of a limited pass-through from wholesale to consumer inflation, with retail prices likely to remain relatively sticky. It projects consumer price inflation (CPI) to average 4.8 per cent in FY27. However, sustained global crude oil prices at elevated levels could pose an upside risk to WPI inflation.

WPI inflation stood at 9.8 per cent year-on-year in July 2026, sharply ...