Page 16 - Policy Economic Report - November 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Inflation in India

• Headline inflation-: Year-on-year inflation rate based on All India Consumer Price Index (CPI) for
the month of October, 2025 over October, 2024 is 0.25% (Provisional). There is decrease of 119
basis points in headline inflation of October, 2025 in comparison to September, 2025.

Figure 9: Year on year inflation rate based on CPI

Source- NSO

Food Inflation: Year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) for the
month of October, 2025 over October, 2024 is -5.02% (Provisional). Corresponding inflation rates for rural
and urban are –4.85% and -5.18%, respectively. All India inflation rates for CPI (General) and CFPI over the
last 13 months are shown below. A decrease of 269 basis points is observed in food inflation in October,
2025 in comparison to September, 2025.

Figure 10: All India inflation rates for CPI (General) and CFPI

Source- NSO Page | 15

November 2025