Summary:

India's retail inflation for April 2025 dropped to its lowest level since July 2019, with the year-onyear Consumer Price Index (CPI) at 3.16%, down from 3.34% in March. Inflation has remained below the RBI's 4% target for three consecutive months. Despite heatwaves, a good harvest helped reduce food costs, which account for about half of the consumer basket. Food inflation fell to 1.78%, its lowest since October 2021, due to lower prices for vegetables, pulses, fruits, and other items. Rural inflation declined to 2.92%, while urban inflation eased to 3.36%. Kerala recorded the highest inflation at 5.94%, while Telangana had the lowest at 1.26%. The RBI cut the repo rate by 25 basis points to 6%, signaling an accommodative stance. The next CPI update is scheduled for June 12, 2025.

Source: IBEF

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