India's WPI inflation to stay high through FY27, says ICICI Bank
ICICI Bank said India’s wholesale price inflation (WPI) is likely to stay elevated through FY27, citing a low base, higher food and fuel prices, and uncertainty over global energy. WPI eased to 9.8% y/y in July from 9.9% in June. Fuel and power inflation fell, but primary and non-food inflation rose. CPI is projected to average 4.8% in FY27.






