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India macro › CPI inflation › September 2026

CPI inflation, September 2026: 5.54%

India's consumer price inflation rose to 5.54% in September 2026 from 4.83% in August, the highest since October 2024. Food inflation was 7.36%, against 5.68% the month before. That is inside the RBI's 2–6% tolerance band, above its 4% target. The repo rate was 5.25% at the end of the month, 0.29 points below inflation.

September 2026August 2026September 2025
CPI inflation5.54%4.83%1.44%
Food inflation7.36%5.68%−1.37%
CPI inflation, food inflation and the repo rateOct 2023 – Oct 2026
−5%0%5%10%15%202420252026New CPI base (2024)5.54%
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.