Page 23 - Policy Economic Report_Feb'25

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Key figures are highlighted as follows:

• Overall CPI Inflation: Year-on-year inflation based on All India Consumer Price Index (CPI) for
January 2025 stands at 4.31% (Provisional). There is a sharp decline of 91 basis points in headline
inflation compared to December 2024. This is the lowest YoY inflation recorded since August 2024.

• Food Price Inflation (CFPI): Year-on-year inflation based on the Consumer Food Price Index (CFPI)
for January 2025 is 6.02% (Provisional). Corresponding inflation for Rural and Urban are 6.31%
and 5.53%, respectively.

• Rural Inflation: Significant decline in headline inflation in rural sector is observed in January 2025
i.e., 4.64% (provisional) in January 2025 versus 5.76% in December 2024. The CFPI in rural sector
is observed as 6.31% in January 2025 versus 8.65% in December 2024.

• Urban Inflation: Sharp decline from 4.58% in December 2024 to 3.87% (Provisional) in January
2025 in headline inflation of urban sector. Similar decline is observed CFPI in urban sector which
decreased from 7.9% in December 2024 to 5.53% in January 2025.

• Housing Inflation: Year-on-year Housing inflation forJanuary 2025 is 2.76% versus 2.71% for
December 2024. Housing index is measured only for the urban sector.

Figure 5: Year-on-year inflation rate based on CPI

Source- MoSPI Page | 22

February 2025