India’s wholesale inflation rate eases to 15-month low of 0.13% in June; here is a look at kitchen prices

A Reuters poll of economists had projected wholesale price index (WPI)-based inflation to moderate rise slightly to 0.52% in June.

India’s retail inflation fell to a more than six-year low of 2.82% in May 2025. The figure represents a decline of 34 basis points from April and marks the lowest annual inflation rate recorded since February 2019.

RBI’s inflation outlook

The Reserve Bank of India’s Monetary Policy Committee (MPC), in its April meeting, cited a continued moderation in price pressures, mainly driven by softer food costs.

It projected further easing in FY26, offering relief to consumers. The MPC revised its FY26 inflation forecast to 4%, down from its earlier projection of 4.2%.Quarter-wise projections showed inflation expected to average 3.6% in the first quarter, 3.9% in the second quarter, 3.8% in the third quarter, and 4.4% in the final quarter of FY26. Moreover, the central bank assessed risks to inflation as broadly balanced.