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August 24, 2026
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Free trade agreement strategy expands preferential market access and supports India's integration into global value chains and investment partnerships.
India's free trade agreement strategy seeks to expand preferential market access and integrate the country into global value chains as a trusted trading partner. Negotiations with additional country groups and individual nations are intended to extend agreement coverage to a substantial share of global trade. Investment opportunities are identified in data centres, manufacturing and artificial intelligence, alongside an objective of developing more balanced trade relations between India and Japan.
August 24, 2026
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Foreign exchange market conditions supported rupee appreciation, but crude prices, importer demand and geopolitical sanctions concerns limited gains.
Foreign exchange market conditions supported a modest early appreciation of the rupee against the US dollar due to relative dollar softness. The gain was limited by elevated crude oil prices, importer demand for dollars, and caution over anticipated sanctions affecting Iranian oil trade, banking networks and shipping routes. Currency markets remained sensitive to geopolitical uncertainty and possible wider trade effects.
August 23, 2026
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Undeclared gold importation led to customs interception, seizure, arrest and continuing investigation after concealment inside passenger clothing.
Customs enforcement against undeclared gold importation involved interception of a passenger arriving from Sharjah at Ahmedabad airport following passenger profiling. A gold chain concealed inside clothing was recovered after it was not declared for customs purposes. The chain was seized and the passenger was arrested under the Customs Act, 1962, before being released on bail, with further investigation continuing.
August 23, 2026
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Digital arrest cyber fraud used impersonation, forged notices and coercive video calls to obtain transfers through mule accounts.
Digital arrest cyber fraud allegedly used impersonation of law-enforcement and central banking officials, fabricated notices, threats of arrest and continuous video communications to coerce a retired railway employee into disclosing financial details and transferring funds for purported verification. The alleged proceeds were routed through mule and shell accounts. Banking records, KYC details, digital evidence and transaction trails allegedly connected a recipient account with suspicious transactions and multiple cyber-fraud cases; part of the cheated amount was recovered or refunded.
August 23, 2026
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Political targeting allegations challenge money-laundering enforcement actions, searches, questioning, and public disclosures in the CMRL investigation.
CPI(M) alleges that enforcement action under the Prevention of Money Laundering Act in the CMRL matter is politically motivated targeting of Pinarayi Vijayan, family members and party associates. It contends that searches, questioning and public communications during the investigation were used to create suspicion without incriminating evidence, and characterises references to hawala as a new investigative narrative. The party also alleges selective anti-money-laundering enforcement against opposition leaders and states that the company will address the CMRL-related matter.
August 23, 2026
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Money-laundering investigation into alleged liquor transport irregularities results in arrests connected with claimed loss to the government exchequer.
Money-laundering proceedings concerning alleged financial irregularities in liquor transport led to the arrest of former Andhra Pradesh minister Karumuri Nageswara Rao under the Prevention of Money Laundering Act. The inquiry concerns alleged wrongful loss to the government exchequer arising from liquor-transport operations. Investigative measures included raids and the arrest of Rao's son, along with arrests of a former state beverages corporation managing director and the person described as the principal accused.
August 23, 2026
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Alleged LLP record forgery raises cheating, breach of trust and conspiracy concerns over unauthorised partnership interest changes.
Alleged forgery, cheating, criminal breach of trust and conspiracy concern purported unauthorised changes to LLP statutory records filed with the Registrar of Companies. The allegations include use of false documents to remove a nominated partner, substitute another person as partner and transfer a partner's interest in the LLP. The matter also draws attention to separate land-collaboration allegations and delayed possession claims by homebuyers in a halted housing project.
August 23, 2026
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Voluntary production curtailment addresses polyester yarn cost volatility as weaving units seek customs-duty relief on inputs.
Voluntary production curtailment by weaving units is being adopted in response to increased polyester yarn and related input costs. Units may reduce shifts or observe periodic holidays according to individual commercial feasibility to limit yarn consumption until prices and fabric-market conditions stabilise. Industry representatives allege that yarn-price increases exceed corresponding input-cost movements and seek examination of possible artificial pricing, along with customs-duty relief on yarn and relevant inputs.
August 22, 2026
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Retaliatory tariffs escalate trade restrictions as historic tariff authority enables duties without prior investigation or a prescribed duration.
Retaliatory tariffs are set to escalate bilateral trade restrictions after the United States imposed tariffs of up to 50 per cent on specified Canadian imports. Canada proposes dollar-for-dollar countermeasures covering sectors including steel, dairy, appliances, agricultural equipment, pulp and paper and electronics. Section 338 of the Tariff Act of 1930 is invoked as the legal basis for the United States measures, permitting presidential import duties up to 50 per cent without a prior investigation or prescribed maximum duration. Escalation creates uncertainty for supply chains and renewal of the United States-Mexico-Canada Agreement.
August 22, 2026
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Reciprocal tariffs reshape Canada-United States trade relations, increasing supply-chain risks and accelerating Canadian trade diversification beyond its primary export market.
Canada-United States trade relations are described as entering a confrontational phase after tariff negotiations collapsed. The United States imposed tariffs on specified Canadian goods, while Canada committed to reciprocal import taxes and suspended negotiations. The dispute marks a retreat from preferential market access and continental integration. Canada's export dependence on the United States may limit retaliation and increase risks to output, employment, investment and integrated supply chains. Trade diversification, non-United States investment and expanded Pacific export infrastructure are identified as responses to a potentially enduring protectionist bilateral relationship.
August 22, 2026
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Retaliatory tariffs on United States goods will target key sectors after trade negotiations failed and reciprocal tariff relief was unavailable.
Retaliatory tariffs on United States goods will take effect from 8 September in response to United States tariffs on Canadian products and unsuccessful negotiations. The dollar-for-dollar measures will cover steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, with product-specific details to follow. Canada had been willing to remove certain retaliatory tariffs if corresponding United States tariffs were substantially reduced, but considered the final demands unacceptable.
August 22, 2026
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Power tariff revision faces political opposition over increased consumer electricity costs and conflict with prior free-electricity commitments.
Power tariff regulation in Jammu and Kashmir and Ladakh has been revised through approval of an average tariff increase, effective from 1 September 2026. Political representatives have opposed the increase on the ground that it adds to consumer hardship amid unemployment, inflation, and sectoral difficulties. The criticism also contrasts the revised tariff with prior commitments concerning free domestic electricity and gas.
August 22, 2026
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Recruitment examination integrity prompted enforcement scrutiny and proposed disciplinary inquiry, while an officer's absence was attributed to family emergency.
Reported absence of an IAS officer was attributed to a family medical emergency and a pending leave request, rather than enforcement searches concerning an alleged recruitment-examination scam. The officer denied any connection with those searches and expressed willingness to face an inquiry. Enforcement searches at the Karnataka Public Service Commission concerned a money-laundering investigation into alleged recruitment irregularities. The State Cabinet decided to advise suspension of the commission chairperson and initiation of an inquiry after an earlier suspension was set aside for lacking the Cabinet's aid and advice.
August 22, 2026
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Money-laundering and benami asset allegations prompt enforcement proceedings, while the accused officer's brother calls the action selective targeting.
Enforcement proceedings under the Prevention of Money Laundering Act concern allegations that suspended police officer Vijay Choudhary managed numerous assets through benami transactions and engaged in money laundering. An Anti-Corruption Bureau FIR had already been registered in relation to the allegations. Surinder Choudhary characterised the action as selective targeting but maintained that investigating agencies and the judiciary should address and decide matters concerning his family.
August 22, 2026
Show AI Summary
Specialised dispute resolution requires technical expertise, timely proceedings, mediation support, and human oversight to safeguard natural justice.
Specialised, timely and effective dispute-resolution mechanisms are necessary for technically complex disputes in telecom, broadcasting, airport tariffs and cyber sectors. Technology may assist legal reasoning but cannot replace judicial reasoning, requiring verification, professional responsibility and meaningful human oversight. Effective specialised adjudication should combine domain expertise with judicial discipline, respond to technical complexity, and protect natural justice, transparency and reasoned decision-making. Mediation and other consensual mechanisms can support dispute resolution.
August 22, 2026
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Form 15CB certification faces scrutiny where inadequate verification allegedly enables foreign remittances through shell companies and false certificates.
Alleged misuse of Form 15CB certification has resulted in criminal proceedings concerning certificates issued for foreign remittances without verification of underlying documents. Form 15CB requires certification of applicable taxability and tax-deduction particulars for specified remittances to non-residents before processing by an authorised dealer. The allegations concern certificates that potentially enabled cross-border transfers through shell or non-existent companies, involving cheating, false certification, false evidence and common intention.
August 22, 2026
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Beginner stock market investing requires regulated accounts, risk-aware financial planning, diversification and informed company assessment before purchasing securities.
Beginner stock market investing requires a bank account, a trading or broking account with a SEBI-registered broker, and a Demat account for electronic holding of securities. Investments involve risk of loss and should align with financial goals, time horizon and loss-bearing capacity. Investors should understand primary and secondary markets, distinguish long-term investing from short-term trading, assess companies before purchase, diversify holdings, consider charges, maintain records and avoid borrowed-money investing, rumours and momentum-driven decisions.
August 22, 2026
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Capacity-based tobacco taxation targets undeclared packing machinery used for clandestine production and clearance without indirect tax payment.
Clandestine manufacture and clearance of pan masala, scented jarda and tobacco products without registration or payment of GST, HSNS Cess and central excise duty was detected through an intelligence-led search. Undeclared Form-Fill-Seal packing machines, workers, finished goods, raw materials, transport vehicles, packing materials and records indicated unaccounted production and clearance. Capacity-based monthly HSNS Cess for pan masala is computed according to the number, type and capacity of installed packing machines, while a corresponding capacity-based central excise levy applies to chewing tobacco, jarda and gutkha.
August 22, 2026
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Trade exhibition connects Korean exporters with Indian buyers through sector-specific consultations and certification guidance for market entry.
KoINDEX 2026 is a business-to-business trade exhibition bringing Korean manufacturers and exporters together with buyers in India and South Asia. It focuses on beauty and personal-care products, processed and functional foods, and construction, building and safety products. Commercial engagement includes pre-matched export consultations with project owners, contractors, distributors, wholesalers, e-commerce platforms and food distribution businesses. A seminar addresses Bureau of Indian Standards certification and market-entry requirements for Korean products entering the Indian market.
August 22, 2026
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Independent PMLA proceedings require separate anticipatory bail assessment; predicate-offence protection alone cannot establish pre-arrest protection.
Protection in a predicate-offence FIR does not automatically extend to independent PMLA proceedings. Anticipatory bail in a money-laundering investigation must be assessed under the applicable PMLA condition and on the material connecting the applicant to alleged proceeds of crime. Relevant considerations include the financial trail, recorded statements, bank-account analysis, compliance with summonses, cooperation with inquiry, and the need for personal participation in evidence collection and confrontation with documentary and digital material.

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News and Press Release

PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JULY 2026, AND FINAL INDEX FOR THE MONTH OF MAY 2026

August 14, 2026

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Provisional Estimates of Wholesale Price Index (Base Year 2022-23) for the month of July 2026

  1. Key highlights of WPI (Base Year 2022-23) for July 2026
  1. All India Wholesale Price Index (WPI) inflation for July 2026 is 9.78 per cent on year-on-year (YoY) basis, compared to 9.87 per cent in June 2026. The index for All Commodities for July 2026 stands at 110.0, whereas it was 110.2 in June 2026.
  2. YoY inflation rates for major groups, namely, Primary Articles, Fuel and Power, and Manufactured Products are 8.52 per cent, 20.05 per cent, and 8.29 per cent, respectively in July 2026, compared to 7.0 per cent, 27.41 per cent, and 7.48 per cent, respectively in June 2026. The indices for Primary Articles, Fuel and Power, and Manufactured Products are 117.2, 105.4, and 108.4, respectively, in July 2026, whereas they were 116.1, 111.1, and 107.8, respectively, in June 2026.
  3. Across groups, ‘Mineral Oils (containing Petroleum Products)’, ‘Food Articles’, ‘Manufacture of Basic Metals’, ‘Non-Food Articles’, ‘Manufacture of Food Products’, and ‘Manufacture of Chemicals and Chemical Products’ have been major drivers of WPI inflation in July 2026.
  4. WPI Food Index (weight=24.99 per cent): The Food Index consists of ‘Food Articles’ from Primary Articles major group, and ‘Manufacture of Food Products’ from Manufactured Products major group. It observed a YoY inflation of 6.65 per cent in July 2026, compared to 6.14 per cent in June 2026.
  5. Monthly indices and Inflation Rate (in per cent) for All commodities and Major Groups, along with major group-wise contribution for the past months are presented in the charts below.

Chart 1: WPI Index and Inflation Rate for All Commodities

1

Chart 2: WPI Index of Major Groups

2

Chart 3: Inflation Rate across Major Groups

3

Chart 4: Major Group-Wise contribution to Inflation

4

  1. The final index for the month of May 2026 has been revised from 109.9 (Provisional estimate) to 110.1. Accordingly, WPI inflation has been revised from 9.68 per cent, as per provisional estimate to 9.88 per cent as per the final estimate.
  2. The Final Estimate of WPI (Base Year 2022-23) for the month of May 2026 has been compiled with a weighted response rate of 98.14 per cent.
  3. The Provisional Estimate of WPI (Base Year 2022-23) for the month of July 2026 has been compiled with a weighted response rate of 78.55 per cent.
  4. Wholesale Price Index and Year-on-Year (YoY) Inflation Rate for All Commodities, Major Groups, and Groups for the last six months is given at Annexure-I and II respectively.
  5. Cumulative WPI for All Commodities, Major Groups, and Groups from April to July for FY 2023-24, FY 2024-25, FY 2025-26, and FY 2026-27 is given at Annexure-III.
  6. Cumulative YoY Inflation Rate for All Commodities, Major Groups, and Groups from April to July for FY 2024-25, FY 2025-26, and FY 2026-27 is given at Annexure- IV.
  7. Item-wise data pertaining to WPI (Base Year 2022-23) series from April 2023 to July 2026 is available at (https://eaindustry.nic.in/download_data_2223.asp).
  8. Provisional indices of WPI, OPPI, and trial IPPI for a reference month are released on the 14th of the following month (if it is a working day, else on next working day). Accordingly, release of WPI, Output PPI, and trial Input PPI for the month of August 2026 will be on Monday, 14th September 2026.

      Annexure-I

 WPI for All Commodities, Major Groups and Groups for last six months

Groups/Major Groups

Commodity Weight

Feb-26
(F)

Mar-26
(F)

Apr-26
(F)

May-26
(F)

Jun-26
(P)

Jul-26
(P)

ALL COMMODITIES

100.00000

103.1

104.6

108.9

110.1

110.2

110

I. PRIMARY ARTICLES

22.75730

111.6

111.4

112.8

114

116.1

117.2

(A). Food Articles

15.97835

113.1

112.8

114.2

115.1

117.3

118.2

(B). Non-Food Articles

5.52841

107.3

107.4

107.6

109.1

110.4

112.6

(C). Minerals

1.25054

112

110.8

118.8

121

125.1

125.4

II. FUEL AND POWER

14.11433

89.0

93.5

111.0

113.4

111.1

105.4

(A). Coal and Lignite

0.74136

86.5

87.8

87.7

86.6

87.9

88.4

(B). Mineral Oils

8.19208

85.8

92.9

121.6

125.7

122.9

113.2

(C). Electricity

4.46349

94.7

91.2

90.8

91.5

91.9

92.4

(D). Crude Petroleum & Natural Gas

0.71740

92.4

119.7

138.8

136.8

120.2

114.8

III. MANUFACTURED PRODUCTS

63.12837

103.2

104.7

107.0

108.0

107.8

108.4

(A). Manufacture of Food Products

9.02016

108

109.1

111

112.4

113.1

115.1

(B). Manufacture of Beverages

0.90483

102.6

102.7

104.4

104.9

105.4

105.1

(C). Manufacture of Tobacco Products

0.27645

122.7

122.6

122.5

122.8

124.3

124.7

(D). Manufacture of Textiles

4.08993

94.4

96.4

99.1

102.1

102.2

104

(E). Manufacture of Wearing Apparel

1.32948

109.8

109.9

111

111.6

111.9

111.6

(F). Manufacture of Leather and Related Products

0.54137

104.9

105.5

107.3

108.4

108.6

109.4

(G). Manufacture Of Wood and Products of Wood and Cork, except Furniture; Manufacture of Articles of Straw and Plaiting Materials

1.07718

110

112.1

115.2

115

116.9

116.3

(H). Manufacture of Paper and Paper Products

1.15328

90.6

91.4

93.7

94.1

93.8

94.2

(I). Printing and Reproduction of Recorded Media

0.42618

105.1

105.8

107

108.1

107

108.5

(J). Manufacture of Chemicals and Chemical Products

6.12567

91.8

96.5

102.6

103.6

102.4

102.6

(K). Manufacture of Basic Pharmaceutical Products and Pharmaceutical Preparations 

2.20102

99.6

100.8

102.3

102.9

102.2

103.6

(L). Manufacture of Rubber and Plastic Products

2.71467

96.3

101.9

106

106.3

106.2

106.3

(M). Manufacture of Other Non-Metallic Mineral Products

2.84074

96.1

96.8

99

99.2

99.6

99.9

(N). Manufacture of Basic Metals

8.41133

98

100.1

103.5

104.9

103.1

102.2

(O). Manufacture of Fabricated Metal Products, except Machinery and Equipment

4.13294

102

102.7

104.4

105.9

105.7

106.6

(P). Manufacture of Computer, Electronic and Optical Products

2.07628

101.5

102

101.7

102.7

102.7

104.1

(Q). Manufacture of Electrical Equipment

2.64318

110.2

111

112.7

114.2

114.8

116.5

(R). Manufacture of Machinery and Equipment n.e.c.

3.46796

104.3

104.3

105.1

105.3

105.4

106

(S). Manufacture of Motor Vehicles, Trailers and Semi-Trailers

5.43645

106.4

105.9

106.7

107

107.1

107.5

(T). Manufacture of Other Transport Equipment

1.39511

105.2

105.4

106

106.4

106.5

107.7

(U). Manufacture of Furniture

0.82618

102.6

102.8

105.6

105.6

106.4

105.5

(V). Other Manufacturing

2.03798

156.4

158.8

157

158.2

156.6

157

FOOD INDEX

24.99851

111.3

111.5

113

114.1

115.8

117.1

 (P)-Provisional, (F)-Final

  Annexure-II

      WPI Inflation Rate (YoY) for All Commodities, Major Groups, and Groups for last six months

Groups/Major Groups

Commodity Weight

Feb-26
(F)

Mar-26
(F)

Apr-26
(F)

May-26
(F)

Jun-26
(P)

Jul-26
(P)

ALL COMMODITIES

100.00000

2.18

3.98

8.36

9.88

9.87

9.78

I. PRIMARY ARTICLES

22.75730

1.64

2.58

3.96

5.26

7

8.52

(A). Food Articles

15.97835

0.8

1.53

2.61

3.69

5.49

5.44

(B). Non-Food Articles

5.52841

4.68

6.65

7.6

10.2

11.07

17.66

(C). Minerals

1.25054

1.36

0.09

8

6.05

9.45

13.28

II. FUEL AND POWER

14.11433

-3.37

3.20

25.00

30.80

27.41

20.05

(A). Coal and Lignite

0.74136

-2.37

-0.79

-1.57

-2.26

-1.57

-0.56

(B). Mineral Oils

8.19208

-4.35

4.26

40.74

49.82

46.48

32.4

(C). Electricity

4.46349

-1.56

-2.04

-2.58

-0.54

-0.76

1.09

(D). Crude Petroleum & Natural Gas

0.71740

-5.33

26.13

56.31

61.51

34.75

26.99

III. MANUFACTURED PRODUCTS

63.12837

3.61

4.80

6.68

7.68

7.48

8.29

(A). Manufacture of Food Products

9.02016

2.08

2.54

4.72

6.24

7.2

8.89

(B). Manufacture of Beverages

0.90483

-0.68

-0.68

0.38

1.25

1.44

0.96

(C). Manufacture of Tobacco Products

0.27645

12.57

11.86

12.08

12.76

14.14

13.36

(D). Manufacture of Textiles

4.08993

1.94

4.9

7.25

10.98

10.85

12.8

(E). Manufacture of Wearing Apparel

1.32948

3.39

2.9

3.06

3.72

2.57

3.33

(F). Manufacture of Leather and Related Products

0.54137

2.64

3.23

3.87

4.23

3.63

4.59

(G). Manufacture Of Wood and Products of Wood and Cork, except Furniture; Manufacture of Articles of Straw and Plaiting Materials

1.07718

3

5.06

8.07

6.58

9.05

7.78

(H). Manufacture of Paper and Paper Products

1.15328

-0.66

0.11

2.18

2.95

3.19

3.18

(I). Printing and Reproduction of Recorded Media

0.42618

1.55

2.12

3.08

3.94

2.49

3.73

(J). Manufacture of Chemicals and Chemical Products

6.12567

0.22

5.7

13

14.73

12.78

13.12

(K). Manufacture of Basic Pharmaceutical Products and Pharmaceutical Preparations 

2.20102

0.3

1.1

2.61

3.94

2.82

4.75

(L). Manufacture of Rubber and Plastic Products

2.71467

-0.72

5.38

10.07

10.84

9.94

10.38

(M). Manufacture of Other Non-Metallic Mineral Products

2.84074

-0.93

-0.1

1.75

1.33

1.84

2.67

(N). Manufacture of Basic Metals

8.41133

7.34

8.57

10.7

13.16

12.31

12.56

(O). Manufacture of Fabricated Metal Products, except Machinery and Equipment

4.13294

2.82

3.42

5.03

6.33

6.12

7.24

(P). Manufacture of Computer, Electronic and Optical Products

2.07628

0.89

-0.58

-1.17

-0.87

-1.53

-0.95

(Q). Manufacture of Electrical Equipment

2.64318

7.62

7.98

9.21

11.41

11.03

12.34

(R). Manufacture of Machinery and Equipment n.e.c.

3.46796

1.26

1.07

1.84

2.23

2.13

2.61

(S). Manufacture of Motor Vehicles, Trailers and Semi-Trailers

5.43645

1.82

0.95

0.85

0.75

1.71

1.8

(T). Manufacture of Other Transport Equipment

1.39511

1.74

1.93

3.21

4.11

4

4.46

(U). Manufacture of Furniture

0.82618

-0.1

0.19

3.83

5.18

5.03

4.04

(V). Other Manufacturing

2.03798

31.54

32.89

26.21

21.41

20.55

22.46

FOOD INDEX

24.99851

1.27

1.92

3.29

4.58

6.14

6.65

 (P)-Provisional, (F)-Final

Annexure-III

 Cumulative WPI for All Commodities, Major Groups, and Groups

Groups/Major Groups

Commodity Weight

Apr-Jul

FY 2023-24

Apr-Jul

FY 2024-25

Apr-Jul

FY 2025-26

Apr-Jul FY 2026-27

ALL COMMODITIES

100.00000

98.8

100.5

100.3

109.8

I. PRIMARY ARTICLES

22.75730

103.9

111

108.3

115

(A). Food Articles

15.97835

105.8

115.2

111.4

116.2

(B). Non-Food Articles

5.52841

99

98

98.5

109.9

(C). Minerals

1.25054

101.1

114.2

112.3

122.6

II. FUEL AND POWER

14.11433

91.6

91.2

87.6

110.2

(A). Coal and Lignite

0.74136

92.1

89.5

89

87.7

(B). Mineral Oils

8.19208

89.4

89.9

84.9

120.9

(C). Electricity

4.46349

95.3

92.3

92.3

91.7

(D). Crude Petroleum & Natural Gas

0.71740

94.2

101.7

88.3

127.7

III. MANUFACTURED PRODUCTS

63.12837

98.5

98.8

100.3

107.8

(A). Manufacture of Food Products

9.02016

98.3

100.6

105.8

112.9

(B). Manufacture of Beverages

0.90483

102.4

103.8

103.9

105

(C). Manufacture of Tobacco Products

0.27645

104.1

106.8

109.3

123.6

(D). Manufacture of Textiles

4.08993

93.1

92.6

92.2

101.9

(E). Manufacture of Wearing Apparel

1.32948

102.4

104.4

108.1

111.5

(F). Manufacture of Leather and Related Products

0.54137

101.5

101.6

104.2

108.4

(G). Manufacture Of Wood and Products of Wood and Cork, except Furniture; Manufacture of Articles of Straw and Plaiting Materials

1.07718

102

103.2

107.4

115.9

(H). Manufacture of Paper and Paper Products

1.15328

91.5

89.4

91.3

94

(I). Printing and Reproduction of Recorded Media

0.42618

103.2

104.3

104.2

107.7

(J). Manufacture of Chemicals and Chemical Products

6.12567

93.4

91.3

90.7

102.8

(K). Manufacture of Basic Pharmaceutical Products and Pharmaceutical Preparations 

2.20102

101

99.6

99.3

102.8

(L). Manufacture of Rubber and Plastic Products

2.71467

95.7

95.9

96.3

106.2

(M). Manufacture of Other Non-Metallic Mineral Products

2.84074

99.2

96.1

97.6

99.4

(N). Manufacture of Basic Metals

8.41133

95.6

94.3

92.2

103.4

(O). Manufacture of Fabricated Metal Products, except Machinery and Equipment

4.13294

100.3

100.1

99.5

105.7

(P). Manufacture of Computer, Electronic and Optical Products

2.07628

98.6

97

104

102.8

(Q). Manufacture of Electrical Equipment

2.64318

100.9

102

103.2

114.6

(R). Manufacture of Machinery and Equipment n.e.c.

3.46796

102

102.2

103.2

105.5

(S). Manufacture of Motor Vehicles, Trailers and Semi-Trailers

5.43645

103.4

106.3

105.7

107.1

(T). Manufacture of Other Transport Equipment

1.39511

101.2

101.2

102.6

106.7

(U). Manufacture of Furniture

0.82618

101.6

101.6

101.2

105.8

(V). Other Manufacturing

2.03798

104.5

112.3

128.2

157.2

FOOD INDEX

24.99851

103.1

109.9

109.4

115

Note: Cumulative Index has been calculated by taking Arithmetic Mean of 4 months indices

Annexure-IV

 Cumulative WPI Inflation Rate (YoY) for All Commodities, Major Groups, and Groups

Groups/Major Groups

Commodity Weight

Apr-Jul

FY 2024-25

Apr-Jul

FY 2025-26

Apr-Jul FY 2026-27

ALL COMMODITIES

100.00000

1.72

-0.2

9.47

I. PRIMARY ARTICLES

22.75730

6.83

-2.43

6.19

(A). Food Articles

15.97835

8.88

-3.3

4.31

(B). Non-Food Articles

5.52841

-1.01

0.51

11.57

(C). Minerals

1.25054

12.96

-1.66

9.17

II. FUEL AND POWER

14.11433

-0.44

-3.95

25.8

(A). Coal and Lignite

0.74136

-2.82

-0.56

-1.46

(B). Mineral Oils

8.19208

0.56

-5.56

42.4

(C). Electricity

4.46349

-3.15

0

-0.65

(D). Crude Petroleum & Natural Gas

0.71740

7.96

-13.18

44.62

III. MANUFACTURED PRODUCTS

63.12837

0.3

1.52

7.48

(A). Manufacture of Food Products

9.02016

2.34

5.17

6.71

(B). Manufacture of Beverages

0.90483

1.37

0.1

1.06

(C). Manufacture of Tobacco Products

0.27645

2.59

2.34

13.08

(D). Manufacture of Textiles

4.08993

-0.54

-0.43

10.52

(E). Manufacture of Wearing Apparel

1.32948

1.95

3.54

3.15

(F). Manufacture of Leather and Related Products

0.54137

0.1

2.56

4.03

(G). Manufacture Of Wood and Products of Wood and Cork, except Furniture; Manufacture of Articles of Straw and Plaiting Materials

1.07718

1.18

4.07

7.91

(H). Manufacture of Paper and Paper Products

1.15328

-2.3

2.13

2.96

(I). Printing and Reproduction of Recorded Media

0.42618

1.07

-0.1

3.36

(J). Manufacture of Chemicals and Chemical Products

6.12567

-2.25

-0.66

13.34

(K). Manufacture of Basic Pharmaceutical Products and Pharmaceutical Preparations 

2.20102

-1.39

-0.3

3.52

(L). Manufacture of Rubber and Plastic Products

2.71467

0.21

0.42

10.28

(M). Manufacture of Other Non-Metallic Mineral Products

2.84074

-3.13

1.56

1.84

(N). Manufacture of Basic Metals

8.41133

-1.36

-2.23

12.15

(O). Manufacture of Fabricated Metal Products, except Machinery and Equipment

4.13294

-0.2

-0.6

6.23

(P). Manufacture of Computer, Electronic and Optical Products

2.07628

-1.62

7.22

-1.15

(Q). Manufacture of Electrical Equipment

2.64318

1.09

1.18

11.05

(R). Manufacture of Machinery and Equipment n.e.c.

3.46796

0.2

0.98

2.23

(S). Manufacture of Motor Vehicles, Trailers and Semi-Trailers

5.43645

2.8

-0.56

1.32

(T). Manufacture of Other Transport Equipment

1.39511

0

1.38

4

(U). Manufacture of Furniture

0.82618

0

-0.39

4.55

(V). Other Manufacturing

2.03798

7.46

14.16

22.62

FOOD INDEX

24.99851

6.6

-0.45

5.12

Provisional Estimates of Output Producer Price Index (Base Year 2022-23) for the month of July 2026

  1. Key highlights of Output PPI (Base Year 2022-23) for July 2026
  1. All India Output PPI for All Commodities for July 2026 stands at 109.9, same as it was in June 2026.
  2. Output PPIs for Agriculture, Forestry and Fishing; Mining and Quarrying; Manufactured Products; and Electricity are 115.6, 119.4, 108.8, and 92.4, respectively, in July 2026, whereas those were 114.1, 121.5, 109.2, and 92.0, respectively, in June 2026.
  3. Monthly indices for All Commodities and Major Groups, for the past 13 months are presented in the charts below.

Chart 5: Output PPI for All Commodities

5

Chart 6: Output PPI across Major Groups

6

  1. The final index of Output PPI for the month of May 2026 has been revised from 109.6 (Provisional estimate) to 109.9.
  2. Output PPI for All Commodities, Major Groups, and Groups for the last six months is given at Annexure-V.
  3. Cumulative Output PPI for All Commodities, Major Groups, and Groups from April to July for FY 2023-24, FY 2024-25, FY 2025-26, and FY 2026-27 is given at Annexure-VI.
  4. SUT category-wise index pertaining to Output PPI (Base Year 2022-23) series from April 2023 to July 2026 is available at (https://eaindustry.nic.in/download_data_2223.asp).

Annexure-V

Output PPI for All Commodities, Major Groups and Groups for last six months

Groups/Major Groups

Weight

Feb-26
(F)

Mar-26
(F)

Apr-26
(F)

May-26
(F)

Jun-26
(P)

Jul-26
(P)

ALL COMMODITIES

100

103.3

104.9

108.8

109.9

109.9

109.9

AGRICULTURE, FORESTRY AND FISHING

22.15648

110.8

110.6

111.4

112.1

114.1

115.6

Crop and Animal Production, Hunting and Related Service Activities 

19.03219

111.3

111.0

111.5

111.9

114.3

116.1

Forestry and Logging

1.67481

115.0

115.4

116.7

118.8

118.0

119.9

Fishing and Aquaculture

1.44948

99.3

100.1

103.2

106.9

106.6

103.7

MINING AND QUARRYING

3.42065

109.9

117.0

125.2

124.6

121.5

119.4

Mining of Metal Ores

0.70792

168.0

171.5

174.7

180.1

178.7

177.7

Mining of Coal and Lignite

0.7398

86.5

87.8

87.7

86.6

87.9

88.4

Other Mining and Quarrying

1.23208

103.2

100.5

109.9

108.5

113.1

110.9

Extraction of Crude Petroleum and Natural Gas

0.74085

88.9

121.7

141.0

136.2

114.2

108.9

MANUFACTURED PRODUCTS

69.93568

101.2

103.4

108.3

109.7

109.2

108.8

(A). Manufacture of Food Products

8.47196

108.3

109.2

111.0

112.5

113.2

115.5

(B). Manufacture of Beverages

0.8417

102.7

102.8

104.6

105.0

105.5

105.2

(C). Manufacture of Tobacco Products

0.25705

125.9

125.9

125.4

125.6

127.4

128.2

(D). Manufacture of Textiles

4.38774

95.0

97.8

100.9

103.9

104.3

105.7

(E). Manufacture of Wearing Apparel

1.20494

108.7

108.7

109.9

110.8

110.8

110.9

(F). Manufacture of Leather and Related Products

0.49989

103.6

104.2

105.9

107.1

107.3

108.1

(G). Manufacture of Wood and Products of Wood and Cork, except Furniture; Manufacture of Articles of Straw and Plaiting Materials

1.08949

108.3

110.3

113.3

113.2

114.8

114.1

(H). Manufacture of Paper and Paper Products

1.03128

90.7

91.6

93.9

94.5

94.1

94.5

(I). Printing and Reproduction of Recorded Media

0.30931

106.1

107.1

109.3

109.5

109.6

110.1

(J). Manufacture of Coke and Refined Petroleum Products

7.14818

85.7

92.7

121.1

125.2

122.3

112.7

(K). Manufacture of Chemicals and Chemical Products

5.74793

92.2

97.3

103.3

104.1

103.0

102.9

(L). Manufacture of Basic Pharmaceuticals, Medicinal Chemical and Botanical Products

1.92807

100.6

101.8

103.2

103.6

103.0

104.5

(M). Manufacture of Rubber and Plastic Products

2.57252

96.9

102.5

106.7

107.0

106.8

107.0

(N). Manufacture of Other Non-Metallic Mineral Products

2.50437

95.8

96.4

99.0

99.1

99.5

99.9

(O). Manufacture of Basic Metals

7.465

96.6

99.0

102.7

104.3

102.7

102.1

(P). Manufacture of Fabricated Metal Products, except Machinery and Equipment

3.15198

100.4

101.1

102.3

103.3

104.0

104.0

(Q). Manufacture of Computer, Electronic and Optical Products

1.7748

104.6

104.6

104.3

104.9

104.7

105.3

(R). Manufacture of Electrical Equipment

3.81453

104.0

104.4

105.7

107.2

107.9

108.9

(S). Manufacture of Machinery and Equipment n.e.c.

2.46158

104.7

104.8

105.7

105.7

105.6

106.2

(T). Manufacture of Motor Vehicles, Trailers and Semi-Trailers

4.39321

106.9

106.6

107.4

107.2

107.6

107.8

(U). Manufacture of Other Transport Equipment

1.34392

106.1

106.4

107.2

107.6

107.6

108.9

(V). Manufacture of Furniture

0.73566

103.2

103.7

105.3

104.9

105.4

104.7

(W). Other Manufacturing

6.80057

118.3

119.9

120.9

122.2

121.0

122.1

ELECTRICITY

4.48719

94.5

91.1

90.8

91.6

92.0

92.4

Electricity

4.48719

94.5

91.1

90.8

91.6

92.0

92.4

  (P)-Provisional, (F)-Final

Annexure-VI

Cumulative Output PPI for All Commodities, Major Groups and Groups

Groups/Major Groups

Weight

Apr-Jul 2023

Apr-Jul 2024

Apr-Jul 2025

Apr-Jul 2026

ALL COMMODITIES

100

98.8

100.3

100.3

109.6

AGRICULTURE, FORESTRY AND FISHING

22.15648

103.9

109.3

107.2

113.3

Crop and Animal Production, Hunting and Related Service Activities 

19.03219

104

109.6

107.3

113.5

Forestry and Logging

1.67481

102.5

113

111.6

118.4

Fishing and Aquaculture

1.44948

104.9

100.9

101.3

105.1

MINING AND QUARRYING

3.42065

97.6

106.1

103.8

122.7

Mining of Metal Ores

0.70792

105.6

126.1

140.7

177.8

Mining of Coal and Lignite

0.7398

92.1

89.5

89

87.7

Other Mining and Quarrying

1.23208

100.9

109.2

103.9

110.6

Extraction of Crude Petroleum and Natural Gas

0.74085

90.1

98.4

83.4

125.1

MANUFACTURED PRODUCTS

69.93568

97.4

97.6

98.5

109

(A). Manufacture of Food Products

8.47196

97.2

99.8

105.7

113.1

(B). Manufacture of Beverages

0.8417

102.5

104

104.1

105.1

(C). Manufacture of Tobacco Products

0.25705

104

106.8

109.5

126.7

(D). Manufacture of Textiles

4.38774

93.2

93

92.4

103.7

(E). Manufacture of Wearing Apparel

1.20494

102

103.5

107.3

110.6

(F). Manufacture of Leather and Related Products

0.49989

101.1

100.6

102.7

107.1

(G). Manufacture of Wood and Products of Wood and Cork, except Furniture; Manufacture of Articles of Straw and Plaiting Materials

1.08949

101.9

102.8

106.4

113.9

(H). Manufacture of Paper and Paper Products

1.03128

91.5

89.5

91.5

94.3

(I). Printing and Reproduction of Recorded Media

0.30931

103.9

104.8

105.4

109.6

(J). Manufacture of Coke and Refined Petroleum Products

7.14818

89.4

89.8

84.9

120.3

(K). Manufacture of Chemicals and Chemical Products

5.74793

93.5

91.5

91.1

103.3

(L). Manufacture of Basic Pharmaceuticals, Medicinal Chemical and Botanical Products

1.92807

101.8

99.3

99.6

103.6

(M). Manufacture of Rubber and Plastic Products

2.57252

95.8

96

96.4

106.9

(N). Manufacture of Other Non-Metallic Mineral Products

2.50437

99

95.8

97

99.4

(O). Manufacture of Basic Metals

7.465

95.5

94.2

91.6

103

(P). Manufacture of Fabricated Metal Products, except Machinery and Equipment

3.15198

99.2

99.5

98.4

103.4

(Q). Manufacture of Computer, Electronic and Optical Products

1.7748

98.5

96.3

107.7

104.8

(R). Manufacture of Electrical Equipment

3.81453

99.8

99.5

100.7

107.4

(S). Manufacture of Machinery and Equipment n.e.c.

2.46158

102

102.7

103.3

105.8

(T). Manufacture of Motor Vehicles, Trailers and Semi-Trailers

4.39321

103.7

106.5

106

107.5

(U). Manufacture of Other Transport Equipment

1.34392

101.5

101.6

103.6

107.8

(V). Manufacture of Furniture

0.73566

101.6

101.4

101.6

105.1

(W). Other Manufacturing

6.80057

101.6

103

108

121.6

ELECTRICITY

4.48719

95.3

92.3

92.3

91.7

Electricity

4.48719

95.3

92.3

92.3

91.7

Note: Cumulative Index has been calculated by taking Arithmetic Mean of 4 months indices

Provisional Estimates of Trial Input Producer Price Index (IPPI) (Base Year 2022-23) for the month of July 2026

  1. All India trial Input PPI[1] for Manufacturing Sector for July 2026 stands at 105.9 (Provisional estimate).
  2. Trial Input PPI for Manufacturing Sector for the month of May 2026 has been revised from 104.9 (provisional estimate) to 106.5 (final index).
  3. Trial Input PPI for all Manufacturing Industries at NIC-2-digit, from March to July 2026 is given below.

Trial Input PPI for all Manufacturing Industries at NIC-2-digit

Industry Group

Weight

Mar-26
(F)

Apr-26
(F)

May-26
(F)

Jun-26
(P)

Jul-26 (P)

Manufacturing Sector

100.000000

100.9

104.2

106.5

107.1

105.9

(A). Manufacture of Food Products

14.84638

107.1

108.3

110.5

112.2

113.8

(B). Manufacture of Beverages

1.03035

106

104.5

105.4

105.5

107.4

(C). Manufacture of Tobacco Products

0.26443

128

124.7

122.5

123.4

130.8

(D). Manufacture of Textiles

5.88918

95.5

100.8

103.4

107.8

103.9

(E). Manufacture of Wearing Apparel

1.57012

105.6

106.6

107.4

109.6

108.1

(F). Manufacture of Leather and Related Products

0.77634

96.3

96

97.9

96

98.5

(G). Manufacture of Wood and Products of Wood and Cork, Except Furniture; Manufacture of Articles of Straw and Plaiting Materials

1.82194

99.7

110.8

113.4

112.3

112

(H). Manufacture of Paper and Paper Products

0.87494

95.1

96.8

97.2

97

98

(I). Printing and Reproduction of Recorded Media

0.46606

96.4

98.3

98.9

98.5

98.4

(J). Manufacture of Coke and Refined Petroleum Products

12.3291

98.2

105.2

111.8

113.5

99.9

(K). Manufacture of Chemicals and Chemical Products

7.98919

100.9

107.9

110.5

112.5

109.4

(L). Manufacture of Basic Pharmaceutical Products and Pharmaceutical Preparations 

2.40463

98.2

103.5

105.3

105.6

104.3

(M). Manufacture of Rubber and Plastic Products

3.40235

105.9

109.8

111.1

112.1

111.6

(N). Manufacture of Other Non-Metallic Mineral Products

3.28306

92.3

96.4

98.4

92.6

93.3

(O). Manufacture of Basic Metals

11.25229

98.3

100.6

102.2

99.2

101.5

(P). Manufacture of Fabricated Metal Products, except Machinery and Equipment

5.59239

99.7

102.2

104.7

105.4

105.8

(Q). Manufacture of Computer, Electronic and Optical Products

2.22964

108

108.2

107

111.5

108.5

(R). Manufacture of Electrical Equipment

3.64437

111.5

113.4

116.2

117.7

117.2

(S). Manufacture of Machinery and Equipment n.e.c.

5.07784

102.2

105

105.4

105.3

106.4

(T). Manufacture of Motor Vehicles, Trailers and Semi-Trailers, and Manufacture of Other Transport Equipment

10.49446

101.5

102.8

103.7

104.9

105.1

(U). Manufacture of Furniture

0.98353

97.6

101.1

100.7

98.6

101.5

(V). Other Manufacturing

3.77741

88.9

88.4

89.5

88

99.3

 (P)-Provisional, (F)-Final

 

Topics

Acts Income Tax