Inflation expected to rise to 0.7 percent in November

10-Dec-2025 05:28 PM

New Delhi. Inflation, based on the Consumer Price Index (CPI), fell to a record low of 0.25 percent in October, but is projected to rise slightly to 0.70 percent in November.

Despite this, retail inflation will remain below 1 percent. It is worth noting that in November 2024, the inflation rate reached a high of 5.48 percent, but by October 2025, it had declined to 0.25 percent. The sharp decline in inflation in October was due to a decrease in food prices and a reduction in GST rates.

Economists have estimated the inflation rate in November to be between 0.40 percent and 1.00 percent, with a median of 0.70 percent.

The Statistics Department will release the CPI data for November 2025 on December 12. According to analysts, this will be the tenth consecutive month in which the CPI-based inflation rate will remain below the Reserve Bank of India's medium-term target of 4 percent.

The Reserve Bank has set the inflation target between 2 percent at the lower end and 6 percent at the upper end.

This will be the fourth time in the last five months that the inflation rate will remain below the Reserve Bank's lower target. The Reserve Bank has cut interest rates.

Prices of major food products remained soft or stable during November 2025. This year, the festive season ended in October, while there was good availability of wheat, rice, sugar, edible oil, pulses, and other food products in the domestic market.

The government also made a strong effort to keep the prices of essential food items soft or stable. The reduction in GST rates and cheaper imports from abroad also contributed significantly to this.