In September 2025, India’s combined consumer price index (CPI) inflation fell to just 1.54 %, the lowest since June 2017, thanks to sharp food price declines driven by vegetables, pulses and oils. Reserve Bank of India (RBI) now forecasts full-year inflation at 2.6 % and growth at 6.8 % for FY2025-26, signalling scope for future policy easing. The trend gives households some relief in purchasing-power, while investors watch the central bank closely for hints of upcoming rate cuts.