FX.co ★ India’s WPI Manufacturing Inflation Rises to 3.39% in March, Continuing Upward Trend

India’s wholesale price index (WPI) for manufacturing inflation accelerated in March 2026, climbing to 3.39% year-over-year, up from 2.92% in February 2026. The latest data, updated on 15 April 2026, underscores a continued firming of price pressures in the country’s manufacturing sector.

Both the current and previous readings are based on year-over-year comparisons, with March’s figure measuring price changes against March a year earlier, and February’s against the same month a year before. The steady rise from 2.92% to 3.39% suggests that cost pressures at the factory gate have been building as the year progresses.

The upward move in WPI manufacturing inflation will be closely watched by policymakers and market participants, as it can signal future trends in consumer prices and influence expectations around corporate margins, input costs, and potential monetary policy responses.