Wholesale Price Inflation (WPI), based on provisional estimates, increased marginally to 0.71% on a month-on-month (M-o-M) basis in December 2025, compared to 0.52% in November 2025, while continuing to remain below the 1% mark, said Mr. Rajeev Juneja, President, PHDCCI, in a press statement issued here today.
The marginal uptick in WPI was primarily driven by higher inflation in the Fuel & Power and Manufactured Products groups on a month-on-month basis, he highlighted.
Inflation in the Fuel and Power category (weight: 13.15%) rose from 0.90% in November 2025 to 1.23% in December 2025, reflecting increased prices of electricity (4.46%), coal (0.66%), and mineral oils (0.07%) during the month, Mr. Juneja noted.
The Manufactured Products group (weight: 64.23%) witnessed an uptrend, moving from a deflation of (-) 0.21% in November 2025 to an inflation of 0.41% in December 2025 on a month-on-month basis. This increase was attributed to higher prices in the manufacture of basic metals, chemicals and chemical products, non-metallic mineral products, textiles, cement, lime and plaster, he added.
Dr. Ranjeet Mehta, CEO & Secretary General, PHDCCI, stated that WPI inflation is expected to remain range-bound, supported by benign international crude oil prices, GST rate rationalisation, and healthy rabi crop production.
