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India macro › CPI inflation › March 2025

CPI inflation, March 2025: 3.34%

India's consumer price inflation eased to 3.34% in March 2025 from 3.61% in February, the lowest since August 2019. Food inflation was 2.88%, against 3.84% the month before. That is inside the RBI's 2–6% tolerance band, below its 4% target. The repo rate was 6.25% at the end of the month, 2.91 points above inflation.

March 2025February 2025March 2024
CPI inflation3.34%3.61%4.85%
Food inflation2.88%3.84%7.74%
CPI inflation, food inflation and the repo rateApr 2022 – Oct 2026
−5%0%5%10%15%2023202420252026New CPI base (2024)3.34%
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.