CPI drops to lowest year-on-year as GST rationalization takes full effect: PHDCCI

Year-on-year inflation rate based on All India Consumer Price Index (CPI) for the month of October, 2025 over October, 2024 stood at 0.25% (Provisional), according to the data released by the Ministry of Statistics & Programme Implementation today.

CPI drops to lowest year-on-year as GST rationalization takes full effect: PHDCCI

New Delhi, November 12, 2025: Year-on-year inflation rate based on All India Consumer Price Index (CPI) for the month of October, 2025 over October, 2024 stood at 0.25% (Provisional), according to the data released by the Ministry of Statistics & Programme Implementation today.

“The record-low food inflation of the current CPI series at -5.02% (Provisional) is the major contributor to lowest headline inflation of the current CPI series ” said Rajeev Juneja, President, PHDCCI in a press statement issued here today.

He added, “ Government's prudent GST reforms are showing a favourable impact on the economy, which is reflected in softening of headline inflation, along with base effect.”

To further bolster the impact of this period of low inflation, thrust should be laid on building infrastructure and logistics projects, strengthening agriculture supply chains to avoid food price spikes, and prioritizing technology-driven productivity gains in manufacturing and services, he added.

Over the next two quarters, we anticipate that India's inflation will stay within a manageable range on the back of sufficient food supply, reasonable energy prices, and Reserve Bank of India's strategic monetary management, said Dr. Ranjeet Mehta, CEO & Secretary General, PHDCCI.