With input costs expected to remain elevated this year, even after the Strait of Hormuz reopens, manufacturers will continue to face higher costs, a Crisil report said on Wednesday, adding that in the domestic market, with demand holding up so far, there is room to pass on the costs to consumers and support margins. 

Consequently, inflation based on the Consumer Price Index (CPI), particularly core CPI, could witness an upward pressure in the coming months, the report mentioned.