CPI inflation eases to 2.82% in May, lowest since February 2019; food prices lead broad-based decline

India’s retail inflation hit a multi-year low of 2.82% in May 2025, according to the NSO data. This decline, the lowest since February 2019, was primarily driven by a significant decrease in food prices, with the Consumer Food Price Index dropping to 0.99%. Both rural and urban areas experienced a moderation in inflation rates during the same period.