Market timing

India macro › CPI inflation › September 2025

CPI inflation, September 2025: 1.44%

India's consumer price inflation eased to 1.44% in September 2025 from 2.07% in August, the lowest in the series, which starts in January 2019. Food inflation was −1.37%, against 0.05% 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, 4.06 points above inflation.

September 2025August 2025September 2024
CPI inflation1.44%2.07%5.49%
Food inflation−1.37%0.05%8.36%
CPI inflation, food inflation and the repo rateOct 2022 – Oct 2026
−5%0%5%10%15%2023202420252026New CPI base (2024)1.44%
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.