Mumbai, June 13 -- Year-on-year CPI inflation for May 2025 has softened to 2.82%, marking a notable reduction of 34 basis points compared to April 2025 (3.16%). This is the lowest year-on-year inflation recorded since February 2019 and provides a substantial boost to households and businesses, said Mr. Hemant Jain, President of PHDCCI. This softening of CPI inflation has been supported by a significant decline in food inflation. The year-on-year inflation rate, based on the All India Consumer Food Price Index (CFPI), for the month of May 2025 compared to May 2024 is 0.99% (provisional), which is the lowest since October 2021, said Mr. Jain. This marked softening of headline and food inflation during May 2025 is mainly attributed to the decl...