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India CPI Inflation Dips to Multi-Year Low at 0.48% in October
India’s inflation dropped to 0.
India’s year-on-year consumer price index (CPI) fell to 0.48% in October 2025, down from 1.54% in September.
The decline marks the lowest reading since the current 2012-base series began and remains below the RBI’s 2-6% target band. Falling food prices and weak input cost pressures contributed to the drop.
Economists now expect a possible policy rate cut in the December RBI review, although growth trends and credit demand will guide the central bank’s decision.