Page 14 - Policy Economic Report - December 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Food Inflation: Year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) for the
month of November, 2025 over November, 2024 is - 3.91% (Provisional). Corresponding inflation rates for
rural and urban are – 4.05% and -3.60%, respectively. All India inflation rates for CPI (General) and CFPI
over the last 13 months are shown below. An increase of 111 basis points is observed in food inflation in
November, 2025 in comparison to October, 2025.

Figure 10: All India inflation rates for CPI (General) and CFPI

Source- NSO

• The increase in headline inflation and food inflation during the month of November, 2025 is
mainly attributed to increase in inflation of Vegetables, Egg, Meat and fish, Spices and Fuel and
light.

• Rural Inflation: An increase in headline and food inflation in rural sector observed in November,
2025. The headline inflation is 0.10% (Provisional) in November, 2025 while it was -0.25% in
October, 2025. The CFPI based food inflation in rural sector is observed as -4.05% (Provisional) in
November, 2025 in comparison to -4.85% in October, 2025.

• Urban Inflation: An increase from 0.88% in October, 2025 to 1.40% (Provisional) in November,
2025 is observed in headline inflation of urban sector. Increase is also observed in food inflation
from -5.18% in October, 2025 to -3.60% (Provisional) in November, 2025.

• Housing Inflation: Year-on-year Housing inflation rate for the month of November, 2025 is 2.95%
(Provisional). Corresponding inflation rate for the month of October, 2025 was 2.96%. The housing
index is compiled for urban sector only.

• Education Inflation: Year-on-year Education inflation rate for the month of November, 2025 is
3.38% (Provisional). Corresponding inflation rate for the month of October, 2025 was 3.54%. It is
combined education inflation for both rural and urban sector.

• Health Inflation: Year-on-year Health inflation rate for the month of November, 2025 is 3.60%
(Provisional). Corresponding inflation rate for the month of October, 2025 was 3.81%. It is
combined health inflation for both rural and urban sector.

November 2025 Page | 13