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Food prices hit a new high as CPI jumps to 4.82% (Y-o-Y, provisional) in August, 2026, says PHDCCI

Newsmantra — Tue, 15 Sep 2026 11:56:20 +0000

CPI index witnessed a Y-o-Y growth of 4.82% in August, 2026, continuing its ascent amidst geopolitical tensions and rain shortfall driving high food inflation of 5.66% in August, 2026 compared to 5.52% in July 2026.

Among the food group, ginger, onion and garlic, staples of Indian cuisine, showed the highest inflation at 73.82%, 48.27% and 43.60% respectively. On the other hand, tomato and potato provided some respite, deflating at 31.09% and 13.14% in August, 2026 respectively. Rural India is particularly facing high food prices, with Food inflation touching 6.13%.

With costs of staple food items skyrocketing, the cost pressures on the food and beverage industry, including food processing and restaurant and other services are imminent says Mr. Rajeev Juneja, President, PHDCCI.

Personal care, social protection and miscellaneous goods and service saw the highest jump in inflation rate to the tune of 15.21% among all divisions in August, 2026. Driven primarily by costlier imports of silver and gold raising jewellery prices. Silver Jewellery prices saw a 107.11% increase and Gold/Diamond/Platinum Jewellery 35.53% in August, 2026.

Demand for precious metals is going to take a hit during the upcoming festival and wedding season in coming months if prices remain elevated. The Public’s decision to spend on durable goods in coming months will set the expectations for inflation impacting Personal Consumption Expenditure going forward, said Dr. Ranjeet Mehta, SG & CEO, PHDCCI”.

Inflation up by 2.75% as base revision takes effect but still below RBI 4% threshold: PHDCCI

Newsmantra — Fri, 13 Feb 2026 12:39:57 +0000

February 12, 2026: Consumer Price Index registered an increment from 1.33% for December, 2025 to 2.75% for January, 2026 (Provisional), as base is revised from 2012 to 2024 on the basis of Household Consumption Expenditure Survey 2023-24.

“Looking ahead, improved data quality and supply-side management is a win-win for industry and macroeconomic stability,” said Mr. Rajeev Juneja, President, PHDCCI in a press statement issued here today.

Inflation increased mainly due to price hikes in personal care, social protection and miscellaneous goods and services, Education services, and Clothing. Despite being the top contributor to inflation (weight: 36.75%), the Food and Beverages division saw an moderate inflation of 2.11%, he said.

He added, “The top 5 items that registered the highest inflation are Silver Jewellery, Tomato, Coconut: copra, Gold/Diamond/Platinum Jewellery, and Coconut oil, with Silver Jewellery topping the list with an increment of about 160%.”

Though CPI witnessed an increase in January, 2026, the inflation is well within the Target range for RBI threshold., he added.

“The provisional inflation rate of 2.75 % in January 2026 suggests stable consumer prices, a key driver for business planning, investment analysis, and household welfare. Transparent inflation measurement contributes to economic confidence and aids in monetary and fiscal policy formulation”, said Dr. Ranjeet Mehta, CEO & Secretary General, PHDCCI.