Page 15 - Policy Economic Report - July 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Figure 8: All India inflation rates for CPI (General) and CFPI

July 2025 Source- NSO

• The significant decline in headline inflation and food inflation during the month of June, 2025 is
mainly attributed to favorable base effect and decline in inflation of Vegetables, Pulses and
Products, Meat and Fish, Cereals and products, Sugar and confectionery, Milk and products and
Spices.

• Rural Inflation: Significant decline in headline and food inflation in rural sector observed in June,
2025. The headline inflation is 1.72% (Provisional) in June, 2025 while the same was 2.59% in May,
2025. The CFPI based food inflation in rural sector is observed as -0.92% (Provisional) in June,
2025 in comparison to 0.95% in May, 2025.

• Urban Inflation: Significant decline from 3.12% in May, 2025 to 2.56% (Provisional) in June, 2025
is observed in headline inflation of urban sector. Sharp decline is also observed in food inflation
from 1.01% in May, 2025 to -1.22% (Provisional) in June, 2025.

• Housing Inflation: Year-on-year Housing inflation rate for the month of June, 2025 is 3.24%
(Provisional). Corresponding inflation rate for the month of May, 2025 was 3.16%. The housing
index is compiled for urban sector only.

• Fuel & light: Year-on-year Fuel & light inflation rate for the month of June, 2025 is 2.55%
(Provisional). Corresponding inflation rate for the month of May, 2025 was 2.84%. It is combined
inflation rate for both rural and urban sector.

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