Market timing

India macro › CPI inflation › January 2025

CPI inflation, January 2025: 4.26%

India's consumer price inflation eased to 4.26% in January 2025 from 5.22% in December, the lowest since August 2024. Food inflation was 5.68%, against 7.69% 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, 2.24 points above inflation.

January 2025December 2024January 2024
CPI inflation4.26%5.22%5.10%
Food inflation5.68%7.69%7.58%
CPI inflation, food inflation and the repo rateFeb 2022 – Oct 2026
−5%0%5%10%15%2023202420252026New CPI base (2024)4.26%
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.