US-Iran war hits home: WPI inflation rises to 9.87%; food prices see spike
India's WPI inflation rose to 9.87% in June 2026, driven by food and non-food price increases due to the US-Iran war.
The West Asia conflict and blockade of the Strait of Hormuz disrupted crude oil imports, spilling over into food prices.
Food articles wholesale inflation hit 5.49% in June, up from 3.60% in May, while non-food articles rose to 11.07%.
CPI inflation reached a 17-month high of 4.38% in June, breaching the RBI's 4% target for the first time in months.
The RBI revised its FY2026-27 inflation forecast upward to 5.1% from 4.6%, citing higher global energy costs and fuel price hikes.
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