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India macro › CPI inflation › July 2025

CPI inflation, July 2025: 1.61%

India's consumer price inflation eased to 1.61% in July 2025 from 2.10% in June, the lowest in the series, which starts in January 2019. Food inflation was −0.84%, against −0.15% the month before. That is below the bottom of the RBI's 2–6% tolerance band. The repo rate was 5.50% at the end of the month, 3.89 points above inflation.

July 2025June 2025July 2024
CPI inflation1.61%2.10%3.60%
Food inflation−0.84%−0.15%5.06%
CPI inflation, food inflation and the repo rateAug 2022 – Oct 2026
−5%0%5%10%15%2023202420252026New CPI base (2024)1.61%
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.