Macroeconomy
India retail (CPI) inflation rate, FY 2022-23 to FY 2024-25
4.6%
Eased to a 6-year low
Average CPI retail inflation in FY 2024-25 (6-year low)
India's average retail inflation, measured by the Consumer Price Index (CPI), eased to 4.6% in FY 2024-25, the lowest since FY 2018-19, down from 5.4% in FY 2023-24. Moderating food and core inflation brought the headline rate close to the Reserve Bank of India's 4% target.
Average annual CPI (Combined) inflation. RBI's medium-term target is 4% within a +/- 2% band.
Frequently asked questions
What was India's inflation rate in FY 2024-25?
Average CPI retail inflation was 4.6% in FY 2024-25, the lowest in six years, down from 5.4% the year before.
Is India's inflation within the RBI target?
Yes. At 4.6% for FY 2024-25, average retail inflation was close to the RBI's 4% medium-term target and within its 2-6% tolerance band.
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Using this figure? KAMRIT advises Indian and global businesses on tax, GST, FDI/FEMA, and India entry built on data like this.
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