India’s retail inflation rate increased to 0.71% in November 2025, rising from a record low of 0.25% in October, according to government data released on Friday. Despite the uptick, inflation stayed below the Reserve Bank of India’s target range of 2% to 6% for the third consecutive month.

The latest Consumer Price Index (CPI) numbers show that food inflation continued to ease, driven largely by a decline in vegetable prices. Food prices fell 3.91% year-on-year in November, compared with a 5.02% decline in October. Meanwhile, vegetable prices dropped 22.20% YoY, after falling 27.57% in the previous month.

This moderation in inflation comes at a time when the Indian economy is experiencing what economists describe as a “rare Goldilocks phase,” marked by strong economic growth and low to m

See Full Page