India CPI

Data Prices

Source: MOSPI
Source Link: http://www.cpi.mospi.gov.in/
Frequency: Monthly
Next Release(s): October 13th, 2025 5:30 AM

Latest Updates

India’s CPI inflation rose to 2.07% YoY in August 2025 (vs 1.61% in July), marking the first pickup in inflation since October 2024, while food inflation (CFPI) remained negative at -0.69% YoY but improved from -1.76% in July.
- Rural CPI increased to 1.69% YoY (vs 1.18% in July), while urban CPI climbed to 2.47% YoY (vs 2.10%).
- Rural food inflation was -0.70% YoY (vs -1.74% in July) and urban food inflation was -0.58% YoY (vs -1.90%).
- On a MoM basis, CPI rose +0.46% in August, with rural prices up +0.56% and urban +0.36%. CFPI increased +0.65% MoM, led by rural +0.81% and urban +0.44%.
- Housing inflation eased slightly to 3.09% YoY (vs 3.17% in July).
- Education inflation slowed to 3.60% YoY (vs 4.11% in July), while health inflation eased to 4.40% YoY (vs 4.57%).
- Transport & communication inflation moderated to 1.94% YoY (vs 2.12%), and fuel & light inflation slowed to 2.43% YoY (vs 2.67%).
- The uptick in headline CPI was mainly driven by higher inflation in vegetables, meat & fish, oils & fats, eggs, and personal care items.
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India’s CPI fell to 1.55% YoY in July 2025 (from 2.10% in June), the lowest since June 2017, while food inflation (CFPI) dropped further to -1.76% YoY (vs -1.01% in June), marking the weakest food price growth since January 2019.
- Rural CPI eased to 1.18% YoY (vs 1.72% in June) and urban CPI slowed to 2.05% YoY (vs 2.56%); rural food inflation was -1.74% YoY and urban -1.90% YoY.
- Declines were driven by lower inflation in pulses, vegetables, cereals, transport & communication, education, eggs, and sugar.
- Housing inflation was steady at 3.17% YoY (vs 3.18%), education inflation fell to 4.00% (vs 4.37%), while health inflation edged up to 4.57% (vs 4.38%).
- Transport & communication inflation dropped sharply to 2.12% YoY (vs 3.90%), while fuel & light inflation rose slightly to 2.67% (vs 2.55%).
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India’s CPI rose 0.06% MoM and 2.10% YoY (vs 2.5% YoY expected) in June 2025, down sharply from 2.82% YoY in May, marking the lowest annual inflation since January 2019.
- Food inflation (CFPI) turned negative at -1.06% YoY in June from 1.01% YoY in May, led by declines in vegetables, pulses, cereals, and milk.
- Rural CPI fell to 1.72% YoY (vs 2.59% in May) and urban CPI slowed to 2.56% YoY (vs 3.12% in May); rural food inflation was -0.92% YoY, urban -1.22% YoY.
- Housing inflation edged up to 3.24% YoY (from 3.16%), while education and health inflation rose to 4.37% and 4.43% YoY respectively.
- Transport & communication inflation was steady at 3.90% YoY; fuel & light inflation moderated to 2.55% YoY (vs 2.84%).
- Core services such as clothing, footwear, and personal care showed moderate monthly increases, helping keep core CPI stable despite food disinflation.
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India’s CPI rose 0.21% MoM and 2.82% YoY (vs 3% YoY expected) in May, the lowest YoY inflation since February 2019 and down from 3.16% YoY in April.
- CFPI (food inflation) fell -0.05% MoM and slowed sharply to 0.99% YoY, the lowest since October 2021.
- Rural CPI was 2.59% YoY (down from 2.92%) and urban CPI was 3.07% YoY (down from 3.36%).
- Major contributors to disinflation included declines in pulses, vegetables, fruits, cereals, and household goods.
- Core components saw mild increases: housing inflation at 3.16% YoY, education at 4.12% YoY, and health at 4.34% YoY.
- Highest state-level inflation rates were in Kerala (6.46%), Punjab (5.21%), and Jammu & Kashmir (4.55%).
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India’s CPI increased 0.31% MoM and was up 3.16% YoY in March, below expectations of a 3.27% YoY reading and the lowest since July 2019.
- This is the first monthly increase in 6-months, but historically, is still one of the smaller gains.
- The Consumer Food Price Index fell -0.15% MoM and was only up 1.78% YoY, down from a peak of 10.87% YoY in October 2024.
- The food and beverage segment is only up 2.14% YoY as food price movement has been deflationary in the short-term thanks to a decline in vegetable prices (-10.98% YoY) and meat & fish prices (-0.35% YoY).
- The largest increases are in health (+4.25% YoY) and personal care (+12.90% YoY), but these subsegments have small weights.
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India’s CPI fell -0.26% MoM and was up 3.34% YoY in March, below expectations of a 3.60% YoY reading and the lowest since August 2019.
- The monthly decline is the 5th in a row and was heavily affected by a decline in food prices.
- The Consumer Food Price Index fell -0.86% MoM and was only up 2.69% YoY, down from a peak of 10.87% YoY in October 2024.
- The largest increases are in health (+4.26% YoY) and personal care (+13.50% YoY), but these subsegments have small weights.
- Fuel & light recorded the weakest annual rate at 1.48% YoY.
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India’s CPI inflation was -0.47% MoM and 3.61% YoY in February, down from 4.26% YoY and below expectations of a reading around 4.00% YoY.
- The Consumer Food Price Index fell -1.99% MoM, and the annual rate eased from 5.97% YoY in January to 3.75% YoY in February.
- The significant decline in headline inflation and food inflation during the month of February, 2025 is mainly attributed to decline in inflation of “Vegetables, Egg, Meat & Fish”, “Pulses & Products” and “Dairy”.
- Energy prices continue to have a deflationary effect as the “Fuel & Light” category is down -1.33% YoY.
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India’s CPI fell -0.97% MoM in January but was up 4.31% YoY, down from 5.22% YoY in December.
- The Consumer Food Price Index fell sharply, down -2.90% MoM, causing the annual rate to slow from 8.39% YoY to 6.02% YoY to start the year. Fruits (+12.22% YoY) and vegetables (+11.35% YoY) are the main food sub-indexes seeing rapid price growth.
- Clothing (+2.68% YoY) and housing (+2.76% YoY) remained at a steady, moderate annual rate.
- Fuel & light costs were still lower than a year ago at -1.38% YoY.
- At the moment, food cost growth is the primary concern for Indian consumers, but the worst may be over.
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India’s CPI fell -0.56% MoM which included a sizeable decline in the Consumer Food Price Index of -1.48% MoM. On an annual basis, CPI was up 5.22% YoY in December, slowing from 5.48% YoY in November and below expectations of a 5.30% YoY inflation rate. Food and beverages is still the main source of inflation, up 7.69% YoY, while clothing (+2.74% YoY), housing (+2.71% YoY), and fuel & light (-1.39% YoY) are cooler.

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