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.

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