India's wholesale price inflation (WPI) accelerated significantly to 8.3% in April 2026, the highest level since September 2022, driven largely by a surge in fuel and crude oil prices. This increase marks a substantial rise from 3.88% in March and 2.26% in February. The Ministry of Commerce and Industry attributed the inflation spike to higher prices in mineral oils, crude petroleum, natural gas, and various manufacturing sectors. Notably, fuel and power inflation experienced the most dramatic increase, soaring to 24.71% from just 1.05% in March, with mineral oil prices rising 29.37% month-on-month. Petrol prices surged 32.4% year-on-year, while high-speed diesel inflation was recorded at 25.19%. Crude petroleum and natural gas inflation also spiked to 67.18%, with crude petroleum alone reaching 88.06%. Primary articles inflation rose to 9.17%, influenced by a 16.42% month-on-month increase in crude prices. In contrast, food inflation remained relatively stable, with the WPI Food Index rising to 2.31% in April. However, certain food items like onions and potatoes saw negative inflation rates of -26.45% and -30.04%, respectively.