India wholesale inflation hits ten month high as food and metal prices surge

India wholesale prices rose 1.81 percent in January marking the fastest pace in ten months. Surging food and metal costs drove the increase above expectations.

Insights:
India ININ recorded a 1.81 percent year-on-year increase in wholesale prices for January, the fastest pace of growth in 10 months. This latest figure, based on Government data (India) released on February 16, 2026, marks a significant rise from the 0.83 percent rate seen in December. The January print also surpassed the 1.25 percent growth rate expected by economists in a Reuters poll, indicating a sharper-than-anticipated uptick in wholesale inflation.
FILE PHOTO: A worker climbs down sacks of rice inside a warehouse at a wholesale market in Navi Mumbai, India, January 13, 2026. REUTERS/Francis Mascarenhas/File Photo
FILE PHOTO: A worker climbs down sacks of rice inside a warehouse at a wholesale market in Navi Mumbai, India, January 13, 2026. REUTERS/Francis Mascarenhas/File Photo
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