Business News | Economic Survey 2026: Inflation plunges to multi-year low, food prices drive relief

Domestically, consumer price inflation (CPI) eased to 1.7 per cent in FY26 down from 4.9 per cent in FY25, marking a multi-year low. The decline was driven primarily by a sharp correction in food prices, especially vegetables, pulses and spices, supported by “favourable” agricultural conditions, improved supply management and calibrated government interventions