New Delhi, Aug. 14 -- Wholesale Price Index (WPI) inflation eased marginally to 9.78 percent in July 2026, from 9.87 percent in June, according to an analysis by PHD Chamber of Commerce and Industry (PHDCCI).

The 9-basis-point moderation was primarily driven by a decline in fuel and power inflation, which fell to 20.05 percent in July from 27.41 percent in June.

Fuel And Power Inflation Drives Marginal WPI Moderation

The decline in fuel and power inflation provided the main relief to overall wholesale price pressures in July.

However, inflation remained elevated across several manufacturing inputs, keeping cost pressures on businesses high.

Manufacturing Continues To Face Cost Pressures

Manufacturing inflation stood at 8.29 percent ...