Retail inflation in India quickened marginally to 0.7% in November 2025, up from the historic low of 0.25% in October 2025, with a continued contraction in food prices offsetting a marginal acceleration in fuel inflation. November’s inflation rate is the second-lowest ever recorded in the current series of the Consumer Price Index (CPI).

Inflation as measured by the CPI, the latest data for which the Ministry of Statistics and Programme Implementation released on Friday (December 12, 2025), has slowed in seven of the first eight months of this financial year.

The food and beverages category saw prices contract by 2.8% in November 2025, as compared to a high base of 8.2% in November of last year, and a contraction of 3.7% in October 2025.

“The factors driving inflation downwards have bee

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