Wholesale: manufactured products (WPI)
WPI = Wholesale Price Index- How often
- Every monthWith the WPI, 14th of the following month, 12:00 noon
- Next release
- Mon 16 NovIn 4 days · 12:00 noon
- Base year
- 2022-23 = 100
September 2026, up from 8.37% in August 2026.
Events on this chart
Source: OEA, DPIIT, released 14 Oct 2026 · Chart: Clarity UPSC
- Previous
- 8.37%Aug 2026
- Highest
- 12.87%Oct 2021
- Lowest
- −3.03%May 2023
Higher than 93% of the 162 readings since Apr 2013.
Story
Price rise of factory goods at the wholesale stage.
What is happening now As of Sep 2026
Wholesale prices of manufactured products rose 9.76% in September 2026 from a year earlier, up from 8.37% in August. In September 2025 the rate was 1.83%. The Office of the Economic Adviser (OEA) named basic metals (16.96%), chemicals (16.74%), textiles (13.85%), rubber and plastic products (13.47%) and electrical equipment (11.93%) among the drivers of wholesale inflation. Food products rose 9.44%.
The Reserve Bank of India (RBI) said on 7 October 2026 that high energy and other commodity prices were still passing through to other prices, but saw only limited signs of this becoming embedded in firms' pricing. Its Monetary Policy Committee (MPC) raised the repo rate by 0.25 percentage point to 5.50%.
Why it matters
Manufactured products carry nearly two-thirds of the Wholesale Price Index (WPI), so they set the main trend of wholesale inflation. Their prices show what factories charge for steel, chemicals, cloth, machines and processed food. These goods are inputs for other firms and finished goods for households, so a rise can pass along supply chains to shop prices.
When factory prices rise across many industries, firms may raise their own prices in turn. The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) says that curbing such "second-round effects" is the main way monetary policy acts against inflation that starts on the supply side.
What it is
The manufactured products index follows the wholesale prices of factory goods, from food products and textiles to chemicals, metals, machinery and motor vehicles. It is the largest of the three major groups of the Wholesale Price Index (WPI), compiled by the Office of the Economic Adviser (OEA) in the Department for Promotion of Industry and Internal Trade (DPIIT).
In the 2022-23 series the group carries 63.13% of the WPI, spread over 22 industry groups. The largest are food products (9.02 points), basic metals (8.41), chemicals (6.13) and motor vehicles (5.44). Weights come from the gross value of output. Prices are basic prices, which leave out net taxes and trade and transport margins.
With nearly two-thirds of the weight, this group has the largest say in headline WPI. Petroleum products are counted under fuel and power, so this index follows the prices of other factory goods.
Read this number
- The publisher
- The Office of the Economic Adviser in the Department for Promotion of Industry and Internal Trade (Ministry of Commerce and Industry) compiles the WPI, the producer price indices and the core industries index.
Terms on this page (4)
- DPIIT
- Department for Promotion of Industry and Internal Trade
- MPC
- Monetary Policy Committee
- OEA
- Office of the Economic Adviser
- RBI
- Reserve Bank of India
History
- 12 May 2017Base 2011-12 series: industry groups rise from 12 to 22, following the National Industrial Classification 2008, with 564 items.
- 15 Jun 2026Base 2022-23 series from May 2026. Weights now come from the gross value of output, in place of output plus imports minus exports.
- 15 Jun 2026Producer Price Indices begin alongside the Wholesale Price Index (WPI), which will continue for five years and then stop.
Readings
| Period | Value | Status | Released |
|---|---|---|---|
| Sep 2026 | 9.76% | Provisional | 14 Oct 2026 |
| Aug 2026 | 8.37% | Provisional | 14 Sep 2026 |
| Jul 2026 | 8.29% | Final | 14 Oct 2026 |
| Jun 2026 | 7.78%revised from 7.48% | Final | 14 Sep 2026 |
| May 2026 | 7.68%revised from 7.48% | Final | 14 Aug 2026 |
| Apr 2026 | 6.68% | Final | 14 Jul 2026 |
| Mar 2026 | 4.80% | Final | 14 Oct 2026 |
| Feb 2026 | 3.61% | Final | 14 Oct 2026 |
| Jan 2026 | 2.82% | Final | 14 Oct 2026 |
| Dec 2025 | 2.22% | Final | 14 Oct 2026 |
| Nov 2025 | 1.41% | Final | 14 Oct 2026 |
| Oct 2025 | 1.41% | Final | 14 Oct 2026 |
For UPSC
Manufactured products carry 63.13% of the Wholesale Price Index (WPI) on base 2022-23, the largest of its three major groups. The WPI covers goods only and uses basic prices; the Producer Price Indices launched in 2026 are set to replace it after five years.