India’s Wholesale Inflation Rises to 2.13% in February 2026 Amid Global Trade Disruptions
Manufactured products, metals, and textiles push WPI higher; fuel prices remain in negative zone.
India’s Wholesale Price Index (WPI) inflation increased to 2.13% in February 2026 (provisional) from 1.81% in January 2026, reflecting a gradual rise in price pressures across several production-linked sectors. According to the PHD Chamber of Commerce and Industry (PHDCCI), the increase has largely been driven by higher prices in manufactured products, basic metals, textiles, non-food articles, and food items.
Despite the rise in overall inflation, the Fuel & Power segment remained in negative territory at -3.78%, offering some relief to the broader price environment. Meanwhile, Manufactured Products inflation stood at 2.92% in February, slightly higher than 2.86% in January, indicating persistent pricing pressures within the industrial sector.
Rajeev Juneja, President of PHDCCI, noted that higher commodity prices, global supply constraints, energy costs, freight disruptions, and rising downstream industrial demand have contributed to the increase in inflation—particularly in the basic metals segment.
He added that the current trend reflects a gradual firming of price pressures in the production environment. While inflation levels remain manageable, he stressed the need to closely monitor commodity prices, logistics costs, and input expenses to sustain industrial competitiveness and maintain domestic growth momentum.
Highlighting policy priorities, Juneja emphasized the importance of improving supply-chain efficiencies, reducing logistics costs, strengthening domestic manufacturing, and ensuring adequate availability of critical industrial inputs to limit cost-push inflation.
Dr. Ranjeet Mehta, CEO and Secretary General of PHDCCI, stated that stable wholesale inflation is crucial for maintaining consumer confidence, protecting producer margins, and ensuring smooth supply-chain transmission. While the moderation in fuel-related inflation is encouraging, he warned that the outlook could remain volatile due to ongoing geopolitical risks.
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