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India and Canada See Inflation Declines, Paving Way for Policy Adjustments

India's retail inflation hits a six-year low at 3.34% in March, while Canada's inflation cools to 2.3%, reflecting easing food and energy prices in both nations.

A view of East Hastings street in Downtown Eastside of Vancouver, British Columbia, Canada January 31, 2023. REUTERS/Jennifer Gauthier/File Photo
People browse a grocery store following the announcement of tariffs on Canadian and Mexican goods by U.S. President Donald Trump, in Toronto, Ontario, Canada March 4, 2025. REUTERS/Arlyn McAdorey/File Photo
A customer looks for produce at a grocery store in Ottawa, on Wednesday, April 2, 2025. THE CANADIAN PRESS/Justin Tang
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Overview

  • India's Consumer Price Index (CPI) inflation fell to 3.34% in March 2025, the lowest level since August 2019, driven by significant drops in food prices, particularly vegetables.
  • Wholesale Price Index (WPI) inflation in India also declined to 2.05% in March, down from 2.38% in February, marking a continued downward trend in inflation metrics.
  • The Reserve Bank of India is signaling further monetary easing, with economists predicting potential rate cuts in June 2025 to support economic growth.
  • Canada's annual inflation rate cooled to 2.3% in March, aided by lower gasoline and travel costs, though core inflation measures remain elevated.
  • Trade tensions, including tariffs introduced by U.S. President Donald Trump, continue to influence inflation trends and economic conditions in both India and Canada.