New Delhi, March 8 -- The food inflation in India likely fell below 5 per cent for the first time since June 2023, says a report by Union Bank of India.

The report also noted that the India's overall retail inflation is expected to have slowed down further in February 2025, falling below the 4 per cent mark, primarily due to a decline in vegetable prices.

It said "Food inflation has probably come below the 5 per cent levels for the first time after June'23".

The report estimated that the Consumer Price Index (CPI) inflation dropped to 3.94 per cent in February, compared to 4.31 per cent in January 2025.

It said "India CPI likely slowed down further to 3.94 per cent in Feb'25 as against 4.31 per cent in January'25 on account of further...