Retail inflation rises 1st time in 3 months to 0.71%:Food items like vegetables, eggs, meat fish get costlier in November on a monthly basis

India’s retail inflation has increased for the first time in last three months to 0.71% in November 2025. Previously, the inflation print in the preceding month of October was reported to be at a record low of 0.25%. CPI inflation inched up in both the rural and urban segments to 0.10% and 1.40%, respectively, in the month under consideration. Inflation remains below RBI’s target for 10th straight month The inflation figures have now remained below the Reserve Bank of India’s (RBI) target of 4% for the last 10th straight month running into November. Retail Inflation Trends in last 13 months:
Inflation of vegetables, pulses, meat fish rise in November: Vegetables, pulses, spices, fuel light and meat fish inflation have risen in November as compared to the year-ago month. Veggies become cheaper by over 22% in last one year Albeit, the prices of veggies have still fallen by over 22.60% in last one year. Likewise, pulses have become cheaper by over 15.86% and spices by 2.89%. Additionally, the inflation print for food and beverages came in at negative figures of (-)2.78%. Sujan Hajra, Chief Economist Executive Director, Anand Rathi Group, says, After hitting an all-time low in the previous month, CPI inflation rose to 0.7% in November 2025, driven by higher food prices. Although overall food inflation remained in deflation, the sequential uptick was led by increases in vegetable, egg, and meat prices. ‘Goldilocks Period’ of Indian economy: RBI While delivering the Monetary Policy Statement on Friday, 5 December, 2025, the Reserve Bank of India (RBI), governor, Sanjay Malhotra, had said that the Indian economy was in a ‘rare goldilocks period’ as the real Gross Domestic Product (GDP) had continued its upward trajectory while inflation downward. RBI reduced India’s inflation projections for FY25 FY26 While delivering the MPC statement, the RBI governor Malhotra had said that the rate-setting panel had reduced India’s inflation projections for the remainder of FY26 and also for the first two quarters of the next fiscal.
RBI’s Projections of Inflation For FY26 FY27 – Q1 Q2 ​