FX.co ★ India’s WPI Food Inflation Eases Slightly in July, Stays Above 5% YoY

India’s Wholesale Price Index (WPI) for food eased marginally in July 2026, with year‑over‑year inflation slipping to 5.44% from 5.49% in June 2026. The latest data, updated on 14 August 2026, show that wholesale food prices remain elevated but are stabilizing compared with the same period a year earlier.

Both the current and previous readings are measured on a year‑over‑year basis, comparing each month’s food price levels to those of the corresponding month in the prior year. The tiny downtick from June to July suggests only a slight moderation in food price pressures at the wholesale level, indicating that while inflationary momentum may be slowing, it has not yet retreated significantly. Investors and policymakers will likely continue to monitor the WPI Food series closely for clearer signs of a broader easing in India’s food inflation trend.