India’s annual inflation rate eased to 3.16% in April 2025, the lowest since July 2019, down from 3.34% in March and below market expectations of 3.3%. Food prices rose only 1.78% YoY, the slowest pace since October 2021. Inflation for housing was steady at 3.00%, while fuel and light rose to 2.92%. Monthly CPI rebounded by 0.31% after five straight declines.