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Informist, Wednesday, Jan. 14, 2026

 

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--India Dec WPI inflation 0.83% 
--India Dec WPI inflation 0.83% vs -0.32% Nov 
--Informist poll estimated India Dec WPI inflation at 0.3% 
--India Dec WPI food inflation 0.00% vs -2.60% Nov 
--India Dec WPI primary articles inflation 0.21% vs -2.93% Nov 
--India Dec WPI fuel and power inflation -2.31% vs -2.27% Nov 
--India Dec WPI manufactured products inflation 1.82% vs 1.33% Nov 
--India Dec WPI all commodities index up 0.7% on month 
--India Dec WPI food index up 0.5% on month 
--India Dec WPI primary articles index up 1.1% on month 
--India Dec WPI fuel and power group index up 1.2% on month 
--India Dec WPI manufactured products index up 0.4% on month 
--India Dec WPI vegetable index up 4.3% on month 
--India Dec WPI cereals index up 0.7% on month 
--India Dec WPI edible oils index up 0.5% on month 
--India Dec WPI basic metals index up 0.4% on month 
--India Oct WPI inflation revised to -1.02% vs -1.21% provisional 
--India Dec WPI core inflation 2.0% vs 1.5% Nov

NEW DELHI – India's annual inflation rate based on WPI rose to an eight-month high of 0.83% in December because of higher prices of food items and manufactured products, data released by the commerce ministry Wednesday showed. Wholesale prices rose year-on-year for the first time in three months.

 

WPI inflation in December rose more than expected. According to an Informist poll, WPI inflation was seen rising to 0.3%. WPI inflation was (-)0.32% in November and 2.57% in December 2024. The October print was revised higher to (-)1.02% from (-)1.21% originally.

 

Wholesale food prices were unchanged year-on-year with WPI food inflation at 0.0% in December against (-)2.60% in November. Manufactured products inflation rose to 1.82% in December from 1.33% in the previous month while fuel and power remained in deflation for the ninth consecutive month. WPI fuel and power index fell 2.31% on year in December against a 2.27?cline in November.

 

Sequentially, the all commodities index of the WPI was up 0.7% in December, the biggest month-on-month increase in 14 months. Over the last 13 years, wholesale prices have on average declined 0.6% month-on-month in December.

 

The rise in all commodities index was broad-based. Wholesale food price index rose 0.5% on month in December while primary articles index increased 1.1% from November. Fuel and power index increased 1.2% on month in December and manufactured products index was up 0.4% from November.

 

Within food, wholesale prices of vegetables rose 4.3% on month in December while cereal prices were up 0.7%. Pulses prices, however, fell 1.4% on month in December.

 

WPI core inflation--or inflation excluding food and fuel items--rose to a near-three-year high of 2.0% in December from 1.5% in November. The last time WPI core inflation was higher was in February 2023 at 2.1%. Core inflation was lead by non-food manufactured products.

 

"In sequential terms, the core index rose by 0.5% in December 2025, the steepest uptick in 19 months, reflecting hardening global commodity prices and the depreciation in the USD/INR pair over the past few months, which is likely to have put pressure on the landed cost of imports," Rahul Agrawal, senior economist at rating agency ICRA said in a note. 

 

ICRA expects WPI food inflation to rise in the coming months because of an unfavourable base effect. "Led by the hardening in YoY food inflation owing to an unfavourable base, rise in global commodity prices, and sustained pressure on the USD/INR pair over the past few months, ICRA expects the YoY WPI inflation to rise to 1.5% in January 2026, the highest level in 10 months," Agrawal said. 

 

The following table details the sequential and annual increase in the main components of the WPI:

 

	Weight (%)	December (index)	Month-on-month change	Year-on-year change
				December	November
ALL COMMODITIES	100.00	157.0	0.7%	0.83%	(-)0.32%
PRIMARY ARTICLES	22.62	194.2	1.1%	0.21%	(-)2.93%
Food articles	15.26	206.6	0.9%	(-)0.43%	(-)4.16%
Cereals	2.82	208.9	0.7%	(-)1.18%	(-)1.66%
Pulses	0.64	192.9	(-)1.4%	(-)13.88%	(-)15.21%
Vegetables	1.87	278.4	4.3%	(-)3.50%	(-)20.23%
Potato	0.28	225.6	(-)8.0%	(-)38.21%	(-)36.14%
Onion	0.16	189.1	8.1%	(-)54.40%	(-)64.70%
Tomato	0.28	466.1	27.5%	34.56%	(-)15.72%
Fruits	1.60	197.1	0.3%	1.97%	(-)0.91%
Milk	4.44	191.6	0.1%	3.23%	3.35%
Eggs, meat, and fish	2.40	176.7	0.0%	1.14%	2.08%
Non-food articles	4.12	171.1	2.8%	2.95%	2.27%
Oil seeds	1.12	209.9	3.2%	14.82%	9.54%
Minerals	0.83	257.4	1.6%	11.86%	10.42%
Crude petroleum	1.95	107.5	(-)0.1%	(-)10.04%	(-)13.92%
FUEL and POWER	13.15	148.3	1.2%	(-)2.31%	(-)2.27%
Coal	2.14	137.0	0.7%	1.03%	0.44%
Liquefied petroleum gas	0.64	107.1	(-)0.7%	(-)14.04%	(-)12.78%
Petrol	1.60	146.4	0.2%	(-)1.88%	(-)1.75%
High speed diesel	3.10	161.2	(-)0.3%	(-)2.07%	(-)1.64%
Electricity	3.06	154.7	4.5%	(-)1.78%	(-)0.87%
MANUFACTURED PRODUCTS	64.23	145.6	0.4%	1.82%	1.33%
Food products	9.12	178.4	(-)0.1%	0.90%	0.62%
Edible oils	2.64	186.6	0.5%	0.54%	1.36%
Textiles	4.88	139.1	0.3%	1.68%	1.91%
Chemical, chemical products	6.47	137.0	0.4%	0.37%	0.07%
Non-metallic mineral products	3.20	132.7	0.4%	0.76%	0.61%
Cement and lime	1.64	130.6	0.3%	0.31%	0.08%
Basic metals	9.65	137.4	0.4%	(-)0.07%	(-)1.23%
Semi-finished steel	1.27	114.7	0.5%	(-)1.80%	(-)2.89%

 

End

 

Reported by Shubham Rana

Edited by Deepshikha Bhardwaj

 

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