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Asia News Network
4 days ago
- Business
- Asia News Network
India's retail inflation slips to eight-year low of 1.55% in July
NEW DELHI – India's retail inflation slipped to an eight-year low of 1.55 per cent in July, mainly due to subdued prices of food items, including vegetables and cereals. The consumer price index (CPI) based inflation was 2.1 per cent in June and 3.6 per cent in July 2024. According to the data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Tuesday, there is a decline of 55 basis points in the headline inflation of July 2025 in comparison to June 2025. It is the lowest year-on-year inflation rate since June 2017. The year-on-year inflation rate based on the All India Consumer Food Price Index (CFPI) for July 2025 over the same month in 2024 is -1.76 per cent (Provisional). Corresponding inflation rates for rural and urban are -1.74 per cent and -1.90 per cent, respectively, the data said. The food inflation in July 2025 is also the lowest after January 2019. A decline of 75 basis points is observed in food inflation in July 2025 in comparison to the previous month. 'The significant decline in headline inflation and food inflation during July 2025 is mainly attributed to favourable base effect and the decline in inflation of pulses and products, transport and communication, vegetables, cereal and products, education, egg and sugar, and confectionery,' the National Statistics Office (NSO) said. Notably, at the policy meeting, the Reserve Bank of India has cut its full-year inflation forecast to 3.1 per cent from 3.7 per cent earlier. The RBI expects inflation to average 2.1 per cent in the second quarter, 3.1 per cent in the third, and end the fiscal at 4.4 per cent.
India.com
5 days ago
- Business
- India.com
India's Consumer Inflation Drops In July, Eases For 9th Straight Month To 1.55%
New Delhi: India's Year-on-year inflation rate based on All India Consumer Price Index (CPI) for the month of July dropped to 1.55. There is decline of 55 basis points in headline inflation of July, 2025 in comparison to June, 2025, the lowest year-on-year inflation rate after June 2017, government data showed on Tuesday. Food inflation, a key component of the CPI also went downward. "Year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) for the month of July, 2025 over July, 2024 is -1.76% (Provisional). Corresponding inflation rates for rural and urban are -1.74% and -1.90%, respectively. All India inflation rates for CPI (General) and CFPI over the last 13 months are shown below. A decline of 75 basis points is observed in food inflation in July, 2025 in comparison to June, 2025. The food inflation in July, 2025 is the lowest after January, 2019," Ministry of Statistics & Programme Implementation data showed. The significant decline in headline inflation and food inflation during the month of July, 2025 is mainly attributed to favorable base effect and to decline in inflation of Pulses and Products, Transport and communication, Vegetables, Cereal and products, Education, Egg and Sugar and confectionery, said Ministry of Statistics & Programme Implementation. It may be recalled that the Reserve Bank of India had last inn its Monetary Policy last week had pegged India's CPI inflation at 3.1 percent for FY2025-26, as the steady progress of the monsoon and robust kharif sowing are expected to keep food prices in check. RBI Governor Sanjay Malhotra said, 'The inflation outlook for 2025-26 has become more benign than expected in June. Large favourable base effects combined with steady progress of the southwest monsoon, healthy kharif sowing, adequate reservoir levels and comfortable buffer stocks of foodgrains have contributed to this moderation.' CPI inflation, however, is likely to edge up above 4 per cent by Q4 2025-26 and beyond, as unfavourable base effects, and demand side factors from policy actions come into play. Barring any major negative shock to input prices, core inflation is likely to remain moderately above 4 per cent during the year, he explained. With Agency Inputs
Canada News.Net
15-07-2025
- Business
- Canada News.Net
India's retail inflation hits new 6-year low, driven by falling food prices
New Delhi [India], July 14 (ANI): Continuing its downward trend, retail inflation in India hit a new over six-year low in June, in further respite to common people. According to the statistics ministry, the year-on-year inflation rate based on Consumer Price Index (CPI) for June was 2.10 per cent (provisional), a decline of 72 basis points in headline inflation from May 2025. It is the lowest year-on-year inflation since January 2019. Notably, the year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) for June was (-) 1.06 per cent (Provisional). Corresponding inflation rates for rural and urban are (-) 0.92 per cent and (-) 1.22 per cent, respectively. A sharp year-on-year decline of 205 basis points is observed in food inflation in June 2025. The significant decline in headline inflation and food inflation during the month of June 2025 is mainly attributed to favourable base effect and decline in inflation of vegetables, pulses and products, meat and fish, cereals and products, sugar and confectionery, milk and products, and spices. The inflation rate is within the Reserve Bank of India's (RBI) manageable range of 2-6 per cent. Retail inflation last breached the Reserve Bank of India's 6 per cent upper tolerance level in October 2024. Since then, it has been in the 2-6 per cent range, which the RBI considers manageable. Food prices were a concern for Indian policymakers, who wished to sustain retail inflation around 4 per cent. Inflation has been a concern for many countries, including advanced economies, but India has largely managed to steer its inflation trajectory well. The RBI held its benchmark repo rate steady at 6.5 per cent for the eleventh consecutive time, before cutting it first time in about five years in February 2025. Analysts expect inflation to remain under control, allowing the RBI to focus on supporting economic growth. The recent 50 basis points repo cut was quite an indication. The inflation outlook for the year 2025-26 has been revised downwards from RBI's earlier forecast of 4 per cent to 3.7 per cent. Separately, Wholesale inflation (WPI) in India turned negative in June at (-) 0.13 per cent as against 0.39 per cent in May. In April 2023, the wholesale inflation went into negative territory. Similarly, in the initial days of COVID-19, in July 2020, the WPI was reported to be negative. In 2023, Wholesale Price Index-based inflation turned negative for seven consecutive months. Notably, the wholesale price index (WPI)- based inflation had been in double digits for 18 months in a row till September 2022, before declining. Economists often say a little rise in wholesale inflation is good, as it typically incentivises goods manufacturers to produce more. (ANI)
India Gazette
14-07-2025
- Business
- India Gazette
India's retail inflation hits new 6-year low, driven by falling food prices
New Delhi [India], July 14 (ANI): Continuing its downward trend, retail inflation in India hit a new over six-year low in June, in further respite to common people. According to the statistics ministry, the year-on-year inflation rate based on Consumer Price Index (CPI) for June was 2.10 per cent (provisional), a decline of 72 basis points in headline inflation from May 2025. It is the lowest year-on-year inflation since January 2019. Notably, the year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) for June was (-) 1.06 per cent (Provisional). Corresponding inflation rates for rural and urban are (-) 0.92 per cent and (-) 1.22 per cent, respectively. A sharp year-on-year decline of 205 basis points is observed in food inflation in June 2025. The significant decline in headline inflation and food inflation during the month of June 2025 is mainly attributed to favourable base effect and decline in inflation of vegetables, pulses and products, meat and fish, cereals and products, sugar and confectionery, milk and products, and spices. The inflation rate is within the Reserve Bank of India's (RBI) manageable range of 2-6 per cent. Retail inflation last breached the Reserve Bank of India's 6 per cent upper tolerance level in October 2024. Since then, it has been in the 2-6 per cent range, which the RBI considers manageable. Food prices were a concern for Indian policymakers, who wished to sustain retail inflation around 4 per cent. Inflation has been a concern for many countries, including advanced economies, but India has largely managed to steer its inflation trajectory well. The RBI held its benchmark repo rate steady at 6.5 per cent for the eleventh consecutive time, before cutting it first time in about five years in February 2025. Analysts expect inflation to remain under control, allowing the RBI to focus on supporting economic growth. The recent 50 basis points repo cut was quite an indication. The inflation outlook for the year 2025-26 has been revised downwards from RBI's earlier forecast of 4 per cent to 3.7 per cent. Separately, Wholesale inflation (WPI) in India turned negative in June at (-) 0.13 per cent as against 0.39 per cent in May. In April 2023, the wholesale inflation went into negative territory. Similarly, in the initial days of COVID-19, in July 2020, the WPI was reported to be negative. In 2023, Wholesale Price Index-based inflation turned negative for seven consecutive months. Notably, the wholesale price index (WPI)- based inflation had been in double digits for 18 months in a row till September 2022, before declining. Economists often say a little rise in wholesale inflation is good, as it typically incentivises goods manufacturers to produce more. (ANI)
Business Standard
14-07-2025
- Business
- Business Standard
Consumer price inflation dips to lowest since Jan-19, food prices in negative zone
Ministry of Statistics & Programme Implementation announced today that year-on-year inflation rate based on All India Consumer Price Index (CPI) for the month of June, 2025 over June, 2024 is 2.10% (Provisional). There is decline of 72 basis points in headline inflation of June, 2025 in comparison to May, 2025. It is the lowest year-on-year inflation after January, 2019. Year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) for the month of June, 2025 over June, 2024 is -1.06% (Provisional). Corresponding inflation rates for rural and urban are -0.92% and -1.22%, respectively. All India inflation rates for CPI(General) and CFPI over the last 13 months are shown below. A sharp decline of 205 basis points is observed in food inflation in June, 2025 in comparison to May, 2025. The food inflation in June, 2025 is the lowest after January, 2019. The significant decline in headline inflation and food inflation during the month of June, 2025 is mainly attributed to favourable base effect and decline in inflation of Vegetables, Pulses and Products, Meat and Fish, Cereals and products, Sugar and confectionery, Milk and products and Spices. Rural Inflation: Significant decline in headline and food inflation in rural sector was observed in June, 2025. The headline inflation is 1.72% (Provisional) in June, 2025 while the same was 2.59% in May, 2025. The CFPI based food inflation in rural sector is observed as -0.92% (Provisional) in June, 2025 in comparison to 0.95% in May, 2025. Urban Inflation: Significant decline seen from 3.12% in May, 2025 to 2.56% (Provisional) in June, 2025 is observed in headline inflation of urban sector. Sharp decline is also observed in food inflation from 1.01% in May, 2025 to -1.22% (Provisional) in June, 2025. Housing Inflation: Year-on-year Housing inflation rate for the month of June, 2025 is 3.24% (Provisional). Corresponding inflation rate for the month of May, 2025 was 3.16%. The housing index is compiled for urban sector only. Education Inflation: Year-on-year Education inflation rate for the month of June, 2025 is 4.37% (Provisional). Corresponding inflation rate for the month of May, 2025 was 4.12%. It is combined education inflation for both rural and urban sector. Health Inflation: Year-on-year Health inflation rate for the month of June, 2025 is 4.43% (Provisional). Corresponding inflation rate for the month of May, 2025 was 4.34%. It is combined health inflation for both rural and urban sector. Transport & Communication: Year-on-year Transport & communication inflation rate for the month of June, 2025 is 3.90%(Provisional). Corresponding inflation rate for the month of May, 2025 was 3.85%. It is combined inflation rate for both rural and urban sector. Fuel & light: Year-on-year Fuel & light inflation rate for the month of June, 2025 is 2.55% (Provisional). Corresponding inflation rate for the month of May, 2025 was 2.84%. It is combined inflation rate for both rural and urban sector.
