New Delhi, Dec. 15 -- Reacting to the latest data on the Wholesale Price Index (WPI) inflation leading Economists said it had narrowed faster than expected reflecting the base effect, weakening INR and rising prices of some commodities.

As per the data released by the Ministry of Commerce and Industry, the WPI inflation in November rose to -0.32% against -1.21% in October.

The decrease was primarily driven by decrease in prices of food articles, mineral oils, crude petroleum and natural gas, the manufacture of basic metals and electricity.

Aditi Nayar, Chief Economist, ICRA Ltd expects the WPI to move into a YoY inflation of around 0.5% in December 2025, and subsequently average above 1.5% in Q4 FY2026.

"With the further depreciation ...