Kya hua
CPI 4.45% se 4.82% kak badh gya, food inflation 5.95%, WPI 9.92% — MoSPI ne 14 Sep 2026 ko data release kiya
India ka CPI retail inflation July ke 4.45% se badh ke August mein 4.82% ho gaya — RBI ke 4% target se teesri mahine tak above. CPI food inflation 5.52% se 5.95% kak badhli, jinmein chandi jewelleray (+107.11%), adrak (+73.82%), pyaaz (+48.27%), lehsun (+43.60%) aur sona/juwelery (+35.53%) sabse tareefon par hain.
WPI inflation bhi 9.78% se kak 9.92% ho gya — chauthi mahine tak 9% se upar, yaani 2022-23 base series ka doosra sabse badh number. Fuel aur power WPI 20.05% se 22.93% kak badh gya, mineral oils +38.48%, crude oil +34.41%. SBI Research ab October aur December mein 25 bps rate hike ka zikr kar raha hai, West Asia crisis aur kam baarish ki wajah se inflation aur barhne ka khatra hai.
RBI ka FY27 CPI forecast 5.0% hai (Q2 4.7%, Q3 5.9%, Q4 5.5%), tolerance band 2%-6% hai. ICRA ke Rahul Agrawal kehte hain food inflation September-October mein aur harden hogi — sugar prices aur festive season saste mane nahi. India Ratings ko lagta hai WPI September mein 10.2% tak pahunch sakta hai agar West Asia crisis resolve na ho.
Timeline
- 14 Sep 2026 — MoSPI ne CPI/WPI August 2026 ka data release kiya
- SBI Research ne October mein 25 bps aur December mein 25 bps hike ki suggestion ki
- September WPI print 10.2% hone ka expectation hai India Ratings ke mutabiq
Key Numbers
- CPI 4.82% | Food CPI 5.95% | WPI 9.92% | Fuel WPI 22.93%
What Next
- October MPC meeting — RBI ko inflation ke saath rate hike decide karni pad sakti hai
- September WPI print 10.2% hone ka expectation hai India Ratings ke mutabiq
Kyun matter karta hai
RBI ke saamne rate hike ka pressure badh gya — SBI Research October aur December mein 25 bps ki suggest kar raha hai, ghar khareedari saste nahi
Daily Life · Money
General Public
5.95% food inflation se khaana ki khareedari mehin se jyada kharidne padenge, silver, adrak, pyaaz aur lehsun sabse zyada saste hain.
Money · Work
Policy Watchers · Business Executives
CPI teesri mahine 4% se upar, WPI 10% ke paas — RBI ko October MPC mein rate hike karni pad sakti hai, loan interest badh sakta hai.
Work · Money
Business Executives
WPI fuel 22.93%, metals aur chemicals sasta — manufacturers ke input costs badhenge, festive season ki margins pinch hongi.
Seedhi baat
RBI ke 4% target se third month upar — ab monetary easing possible nahi, October MPC meeting next checkpoint hai.
India mein retail inflation 4.82%, WPI 9.92% — RBI rate hike odds badh gayi hain food aur fuel ki wajah se.
Verified sources (4)
Retail inflation rises to 4.82% in August
↗India's WPI inflation hits 9.92% as CPI rises to 4.82%; will RBI hike rates?
↗WPI inflation rises to 9.92% in August on costlier food, fuel, manufactured items
↗CPI and WPI Index Numbers release for August 2026 (data cited by The Hindu, WION, NIE)
↗Claims and linked sources
10 claimsIndia's CPI-based retail inflation rose to 4.82% in August 2026 from 4.45% in July, marking the third consecutive month above the RBI's 4% target.
CPI food inflation increased to 5.95% in August 2026 from 5.52% in July, the primary driver of the retail inflation uptick.
Wholesale Price Index (WPI) inflation rose to 9.92% in August 2026 from 9.78% in July, remaining above 9% for the fourth consecutive month.
The Reserve Bank of India has projected CPI inflation for FY 2026-27 at 5.0%, with quarterly breakdowns of Q2 4.7%, Q3 5.9% and Q4 5.5%.
RBI's statutory inflation target band is 4% ±2 percentage points (2% to 6%), under which the August 4.82% print sits inside the range but trending toward the upper bound.
The top five CPI drivers in August 2026 were silver jewellery (+107.11%), ginger (+73.82%), onion (+48.27%), garlic (+43.60%) and gold/diamond/platinum jewellery (+35.53%).
WPI fuel and power basket inflation rose to 22.93% in August 2026 from 20.05% in July, led by mineral oils/petroleum products at +38.48% and crude petroleum & natural gas at +34.41%.
SBI Research now advocates for a 25-bps rate hike in October 2026 and another 25-bps in December 2026, citing sticky WPI/CPI and Brent crude futures near $108/barrel.
India Ratings (Ind-Ra) expects wholesale inflation to rise to 10.2% in September 2026 and remain elevated through 2026 unless a permanent solution is found for the West Asia crisis.
ICRA's Principal Economist Rahul Agrawal expects CPI food inflation to harden further in September-October 2026 on an unfavourable base and sequential hardening in items such as sugar, likely souring festive sentiment.