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India macro › CPI inflation › December 2024

CPI inflation, December 2024: 5.22%

India's consumer price inflation eased to 5.22% in December 2024 from 5.48% in November, the lowest since August 2024. Food inflation was 7.69%, against 8.20% the month before. That is inside the RBI's 2–6% tolerance band, above its 4% target. The repo rate was 6.50% at the end of the month, 1.28 points above inflation.

December 2024November 2024December 2023
CPI inflation5.22%5.48%5.69%
Food inflation7.69%8.20%8.70%
CPI inflation, food inflation and the repo rateJan 2022 – Oct 2026
−5%0%5%10%15%2023202420252026New CPI base (2024)5.22%
Year-on-year inflation for All India, rural and urban combined. The CPI moved to a 2024 base in January 2026, so the figures either side of the dashed line come from different series.

Source: Ministry of Statistics and Programme Implementation (MoSPI). MoSPI revises earlier periods as fuller data arrives; this page shows the latest published figure. The latest figures for every indicator are on the India macro dashboard.