India’s headline CPI rose +2.75% YoY in January 2026 (provisional), up from +1.33% YoY in December 2025 and the highest since May 2025.

• All India CPI (General) stood at 104.46 (base 2024=100), with rural at 104.59 and urban at 104.30, indicating similar price levels across sectors.

• Food inflation (CFPI) increased +2.13% YoY, with rural at +1.96% and urban at +2.44%, showing slightly firmer food price pressures in urban areas.

• The CFPI index reached 104.04 overall (rural 103.89; urban 104.31), consistent with the positive annual food inflation reading.

• Housing inflation rose +2.05% YoY, with rural housing at +2.39% and urban at +1.92%, pointing to somewhat stronger housing cost pressures in rural regions.

• The CPI base year has been revised from 2012 to 2024 using the 2023-24 Household Consumption Expenditure Survey, aligning the index with updated consumption patterns.

• The classification has expanded to 12 divisions under COICOP 2018 (from 6 groups), broadening category detail and comparability.

• New items added include rural housing, online streaming services, value-added dairy products, and certain electronics and services, while legacy items such as VCR/DVD players and audio cassettes were removed, reflecting shifts in consumer spending composition.

India’s headline CPI increased 0.05% MoM (lowest since March 2025), and annual inflation rose to +1.33% YoY in December 2025 (up from +0.71% YoY in November), reflecting a broad uptick led by food-related categories even as food inflation stayed negative.

• All India food inflation (CFPI) was -2.71% YoY in December (provisional), but this marked a +120 bps increase vs November, showing food deflation easing meaningfully.

• The release attributes the December increase in both headline and food inflation mainly to higher inflation in personal care and effects, vegetables, meat and fish, egg, spices, and pulses/products.

• Rural headline inflation rose to +0.76% YoY (from +0.10% in November), while rural food inflation improved to -3.08% YoY (from -4.05%), pointing to a notable rural inflation pickup.

• Urban headline inflation increased to +2.03% YoY (from +1.40%), while urban food inflation rose to -2.09% YoY (from -3.60%), indicating the acceleration was also evident in urban price trends.

• Housing inflation (urban only) eased to +2.86% YoY (from +2.95%), suggesting slightly softer shelter inflation momentum.

• Education inflation slowed to +3.32% YoY (from +3.38%) and health inflation eased to +3.43% YoY (from +3.60%), indicating modest cooling in these service-related components.

• Transport & communication inflation moderated to +0.76% YoY (from +0.88%), while fuel & light inflation cooled to +1.97% YoY (from +2.32%), reducing some upward pressure outside food.

India’s headline CPI inflation rose to +0.71% YoY in November 2025 (from +0.25% in October), reflecting a broad-based uptick led by food and fuel prices.

• Headline CPI increased by +46 bps MoM, reversing October’s mild reading and marking a higher inflation print across both rural and urban areas.

• Food inflation (CFPI) stood at -3.91% YoY, up +111 bps MoM from October, with higher prices for vegetables, egg, meat and fish, spices, and fuel contributing to the increase.

• Rural headline inflation rose to +0.10% YoY (from -0.25%), while rural food inflation increased to -4.05% YoY (from -4.85%), indicating firmer price pressures in rural consumption baskets.

• Urban headline inflation accelerated to +1.40% YoY (from +0.88%), alongside an increase in urban food inflation to -3.60% YoY (from -5.18%).

• Housing inflation was broadly unchanged at +2.95% YoY (vs +2.96%), remaining stable within the urban-only housing index.

• Education inflation eased to +3.38% YoY (from +3.54%) and health inflation moderated to +3.60% YoY (from +3.81%), showing slight cooling in these service components.

• Transport and communication inflation slowed to +0.88% YoY (from +0.94%), while fuel and light inflation rose to +2.32% YoY (from +1.98%), adding to the upward pressure on the headline rate.

India’s headline CPI inflation eased sharply to +0.25% YoY in October 2025 (from +1.44% in September), marking the lowest reading in the current CPI series and reflecting broad-based declines following a GST reduction.

• Food inflation (CFPI) fell to -5.02% YoY (from -2.33%), the lowest in the series, driven by lower prices in oils and fats, vegetables, fruits, eggs, cereals, footwear, and transport & communication.

• Rural headline inflation stood at -0.25% (vs -1.07% in September), while rural food inflation fell to -4.85% (from -2.22%), highlighting continued disinflation across categories.

• Urban headline inflation dropped to +0.88% (from +1.83%), with urban food inflation declining sharply to -5.18% (from -2.47%), reflecting the strongest deflationary pressure since the series began.

• Housing inflation remained stable at +2.96% (vs +2.98%), continuing to post moderate gains.

• Education inflation edged up slightly to +3.49% (from +3.44%), while health inflation eased to +3.86% (from +4.39%), indicating stable trends in core service categories.

• Transport & communication inflation slowed to +0.94% (from +1.82%), while fuel & light inflation held steady at +1.98%.

• The report attributed the overall decline in inflation primarily to the full-month impact of lower GST rates, favorable base effects, and broad easing in consumer goods and services prices.

India’s headline CPI inflation eased to 1.54% YoY in September 2025 (from 2.07% in August), the lowest since June 2017, reflecting a broad-based decline in food and energy prices. Food inflation (CFPI) dropped further into negative territory at -2.28% YoY (from -0.64% in August), its lowest level since December 2018.

• Rural CPI inflation slowed to 1.07% YoY (from 1.69% in August), while urban CPI eased to 2.04% YoY (from 2.47%).

• Rural food inflation fell to -2.17% YoY (from -0.70%), and urban food inflation declined to -2.47% YoY (from -0.53%), reflecting softer prices in vegetables, cereals, pulses, fruits, eggs, and edible oils.

• On a monthly basis, the combined CPI rose +0.10% MoM, while CFPI decreased -0.49% MoM, led by steeper declines in urban food prices (-0.63% MoM).

• Housing inflation accelerated to 3.98% YoY (from 3.09%), remaining the strongest major category gain.

• Education inflation moderated slightly to 3.44% YoY (from 3.60%), while health inflation eased to 4.34% YoY (from 4.40%).

• Transport & communication inflation slowed to 1.82% YoY (from 1.94%), and fuel & light inflation decreased to 1.98% YoY (from 2.32%).

• The continued moderation in headline and food inflation was mainly attributed to favorable base effects and declines across key consumer categories.

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.

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%).

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.