New Delhi, May 14 -- India's benchmark inflation measure fell for the seventh consecutive month in April to reach 3.16%, the lowest since July 2019, brightening the prospects of another rate cut in the June meeting of RBI's Monetary Policy Committee (MPC), a move that could generate potential tailwinds for economic growth.

The Consumer Price Index (CPI) rose at 3.16% in April 2025 compared to 3.34% in March according to data released by the National Statistical Office (NSO) on Tuesday. The ongoing moderation in inflation is the result of a sharp fall in food inflation, especially vegetables. The food component of CPI, according to the NSO press release has fallen every month to reach 1.8% in April from a value of 10.9% in October 2024, b...