[REVISION HISTORY]

Inflation trends in India and Pakistan

Updated 9 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-17 02:56 UTC → 2026-09-17 05:15 UTC · added ~~removed~~

Inflationary trends in India and Pakistan have shown varying movements across consumer and wholesale indices. In India, the consumer price index (CPI) reached a record low of 0.25% in October 2025, driven largely by a significant plunge in vegetable prices and recent GST rate cuts. However, the Reserve Bank of India noted this moderation might be temporary. By July 2026, India’s Wholesale Price Index (WPI) moderated to 9.78%, down from 9.87% in June. This represented the first month-on-month decline in WPI inflation since October 2025, primarily driven by a drop in the fuel and power segment. Despite this, manufactured products increased to 8.29% from 7.48%, and food inflation hit a 19-month high of 6.65% in July. In August 2026, both retail and wholesale inflation showed upward movement. The WPI rose to 9.92% from 9.78% in July, driven by rising prices in primary commodities, fuel, energy, and manufactured products. Fuel and energy inflation climbed to 22.93%, influenced by rising international crude oil prices and supply disruptions in West Asia. Retail inflation (CPI) increased to 4.82% in August from 4.45% in July, marking an eight-month high. Food inflation reached 5.95%, with significant price spikes in ginger (73.82%), onion (48.27%), and garlic (43.60%). While tomato and potato prices saw deflationary trends, silver jewellery prices surged by 107.11% due to costlier imports. An ICICI Bank report noted that underlying core inflation may be stronger than year-on-year figures suggest, citing rising costs in transport, information, and communication sectors. By mid-September 2026, food prices continued to rise, placing pressure on household budgets. In Odisha, many essential commodities surpassed Rs 100. National food inflation is being driven by a weak monsoon—with precipitation approximately 15 percent below normal due to El Nino—which threatens harvests for rice, corn, soybeans, and sugarcane. ~~Furthermore, the government’s ethanol-blending policy has increased demand for these crops as feedstocks. Global conflicts in Ukraine and Iran also continue to impact fuel prices and biofuel demand.~~

Versions

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.