Overview

• India's Wholesale Price Index (WPI) inflation fell to 2.05% in March 2025, down from 2.38% in February, reflecting a continued easing trend.
• Consumer Price Index (CPI) inflation dropped to 3.34% in March 2025, the lowest level since August 2019, with food inflation slowing to 2.69%.
• Key food items, including ginger, tomato, and cauliflower, saw significant price declines, contributing to the overall moderation in inflation.
• The Reserve Bank of India (RBI) revised its inflation forecast for 2025-26 to 4%, citing a positive outlook for food inflation and supportive factors like falling crude oil prices.
• Global trends, including lower crude oil costs, and strong agricultural output from record wheat and pulse production, are bolstering India's inflation outlook.