December 2025 CPI hits 3-month high

India Inc: India’s headline CPI inflation came in at 1.3% YoY Vs consensus: 1.4% vs 0.7% in November and Core CPI, which excludes food and fuel prices, rose 4.6% YoY Vs 4.3% in November, the highest since August 2023, however excluding gold/silver the CPI rose 2.3% vs 2.4%. on positive side the food index remained in deflationary pressure falling 1.8% YoY Vs -2.8% in November, marking the fourth consecutive month of deflation.

The good autumn harvest alongside the GST 2.0 reform continues to cap food inflation.