loader2
Login Open ICICI 3-in-1 Account

Open ICICI
3-in-1 Account

Manage your Savings, Demat and Trading Account conveniently at one place

+91

BLOG

Inflation goes down below 3%

ICICIdirect Research 13 Jun 2025 DISCLAIMER

CPI inflation came down further to 2.82% in May as compared to 3.16% in April and as against market expectation of around 2.95%.

In last 6 months, CPI print has consistently come down every month from 6.2% in October 2024 to current level of 2.82%.

The trend of lower food inflation continues with May CFPI coming at 0.99% as compared to 1.78% in April. In last 5 months, Food inflation has come down sharply from 10.9% in October 2024 to less than 2% now in May 2025.

Within Food, Vegetables inflation witnessed a de-growth of (-)14% as compared to -11.0% in April and remain a major contributor for lower inflation. Apart from vegetables, pulses and spices also continue to de-grow with negative inflation of -8.2% vs -5.2% in April. Cereals with a 10% weight is slowly moving down since last 6 months at 4.77%, down from 8.7% in June 2024

Core inflation was largely flat at 4.2% vs 4.1%.

Overall, no major surprise with most items trending lower since last 7 months.

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere