Inflation

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Brewed Up Insights

Onion, steel and oil drove September's wholesale price jump

Wholesale price inflation rose to 11.39% in September 2026. Steel, onion and crude oil drove the jump, not diesel or petrol.

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Brewed Up Insights

Households expect 10% inflation while the RBI forecasts 5.2%

The RBI's September survey finds city households expect 10% inflation a year ahead, up from 8% in November 2025, while the RBI's own forecast for 2026-27 is 5.2%.

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Brewed Up Insights

RBI expects inflation near 6% for the next 3 quarters

The RBI raised its 2026-27 inflation forecast to 5.2% from 5.0%, but the next 3 quarters average almost 5.8%, just under the 6% limit.

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Brewed Up Insights

Fuel price controls are why WPI has run ahead of CPI

WPI rose 9.92% in August against CPI's 4.82%. The oil companies and the government are carrying the gap, not consumers.

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The Macro Brew

Inflation with the fine print

January's retail inflation was 2.75%, back inside the RBI's 2% to 6% band. The bigger news: MoSPI moved the CPI base year from 2012 to 2024.

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