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July Inflation May Fall Below 2% for First Time Since Jan 2019 on Softer Food Prices
The Morning Standard
|August 12, 2025
Retail inflation in July is likely to have fallen below 2% for the first time since January 2019.
Analysts expect the figure to be in the range of 1.2-1.4%, aided by a favourable base effect and softer food prices. Retail inflation in June eased to 2.1% from 2.82% in May. In January 2019, it had touched a low of 1.97%.
"We expect July CPI inflation to ease further to 1.35%, led by a favourable base effect and overall softer food prices, even as vegetable prices are likely to see a seasonal, sharp sequential rise," said Madhavi Arora, Chief Economist at Emkay Global.
This story is from the August 12, 2025 edition of The Morning Standard.
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