Inde Taux d'inflation

India’s annual inflation rate dropped to 3.62% in February 2025, down from a revised 4.26% in the previous month, significantly undershooting market expectations of a 4% decline. This marked the slowest rise in consumer prices since July of the previous year and the first time in six months that inflation fell below the Reserve Bank of India’s 4% mid-point target. The decline aligns with the RBI’s decision to initiate the country’s rate-cutting cycle and implement a series of liquidity-boosting measures for state banks. Inflation fell sharply for food (3.75% vs 5.97% in January), which accounts for nearly half of the Indian price basket, amid deflationary pressure for eggs, spices, vegetables, and pulses. Also, prices fell for fuel and light (-1.33%) and remained soft for housing (2.91%), although inflation was more elevated for miscellaneous goods (4.78%). Prices fell by 0.47% from the previous month, extending the revised 1% drop in January, the 4th consecutive period of deflation.