FX.co ★ India’s WPI Fuel Inflation Cools to 27.41% in June, Easing From May Peak

India’s wholesale price index (WPI) for fuel and power eased in June 2026, with year-over-year inflation slowing to 27.41%, down from a sharp 30.33% recorded in May 2026. The figures, updated on 14 July 2026, indicate a moderation in wholesale fuel price pressures after a recent peak.

Both the current and previous readings reflect annual comparisons, measuring the change in prices against the same month a year earlier. While the fuel component of WPI remains elevated on a year-over-year basis, the latest decline suggests some relief in cost pressures at the wholesale level, which could eventually filter through to broader inflation dynamics and corporate input costs.

The cooling in June’s fuel WPI, following May’s higher print, will be watched closely by markets and policymakers as they assess the trajectory of price stability and the potential implications for monetary and fiscal planning in the coming months.