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At a glance/Prices/Core inflation
Prices · monthly

Core inflation: CPI excluding food

Consumer price inflation with food and beverages taken out: what is left once the most volatile part of the basket, which swings with the monsoon and vegetable prices, is removed.

Sep 2026 · Core inflation● Fresh
4.49%
Next release expected around 2026-11-12.
Previous4.32Aug 2026
Average, last 5 readings4.07May 2026 to Sep 2026
Highest7.94May 2014
Lowest2.23Jul 2024

Over time

024681012New base 2024 = 100 →All items 5.5Excluding food, 2024 base 4.52014201620182020202220242026
Faded: 2012 base, as last published. Never joined to the 2024 base.CSV
View as a table
PeriodValueStatusBase
2026-094.492024
2026-084.322024
2026-073.982024
2026-063.982024
2026-053.582024
2026-043.182024
2026-033.222024
2026-023.132024
2026-013.112024
2025-124.63final2012
2025-114.34final2012
2025-104.41final2012
2025-094.27final2012
2025-084.11final2012
2025-074.12final2012
2025-064.41final2012
2025-054.24final2012
2025-044.11final2012
2025-034.10final2012
2025-023.99final2012
2025-013.67final2012
2024-123.58final2012
2024-113.64final2012
2024-103.67final2012
2024-093.49final2012
2024-083.40final2012
2024-073.39final2012
2024-063.14final2012
2024-053.12final2012
2024-043.23final2012
2024-033.24final2012
2024-023.37final2012
2024-013.59final2012
2023-123.89final2012
2023-114.11final2012
2023-104.26final2012
2023-094.52final2012
2023-084.79final2012
2023-074.94final2012
2023-065.11final2012
2023-055.05final2012
2023-045.19final2012
2023-035.78final2012
2023-026.05final2012
2023-016.10final2012
2022-126.08final2012
2022-116.02final2012
2022-105.99final2012
2022-096.07final2012
2022-085.84final2012
2022-075.78final2012
2022-065.96final2012
2022-056.08final2012
2022-046.97final2012
2022-036.32final2012
2022-025.99final2012
2022-015.95final2012
2021-126.01final2012
2021-116.08final2012
2021-106.06final2012
2021-095.76final2012
2021-085.77final2012
2021-075.93final2012
2021-066.11final2012
2021-056.40final2012
2021-045.39final2012
2021-036.00final2012
2021-025.88final2012
2021-015.65final2012
2020-125.65final2012
2020-115.84final2012
2020-105.76final2012
2019-113.49final2012
2019-103.47final2012
2018-115.72final2012
2018-106.19final2012
2018-095.81final2012
2018-085.92final2012
2018-076.29final2012
2018-066.39final2012
2018-056.23final2012
2018-045.92final2012
2018-035.37final2012
2018-025.16final2012
2018-015.14final2012
2017-125.13final2012
2017-114.93final2012
2017-104.54final2012
2017-094.61final2012
2017-084.50final2012
2017-073.94final2012
2017-063.85final2012
2017-054.25final2012
2017-044.53final2012
2017-034.91final2012
2017-024.83final2012
2017-015.03final2012
2016-124.91final2012
2016-114.98final2012
2016-104.98final2012
2016-094.88final2012
2016-084.72final2012
2016-074.64final2012
2016-064.55final2012
2016-054.67final2012
2016-044.89final2012
2016-034.75final2012
2016-024.99final2012
2016-014.75final2012
2015-124.74final2012
2015-114.62final2012
2015-104.42final2012
2015-094.32final2012
2015-084.15final2012
2015-074.33final2012
2015-064.83final2012
2015-054.62final2012
2015-044.26final2012
2015-034.20final2012
2015-024.15final2012
2015-014.22final2012
2014-124.47final2012
2014-114.75final2012
2014-105.17final2012
2014-095.24final2012
2014-086.02final2012
2014-076.53final2012
2014-066.66final2012
2014-058.41final2012
2014-048.18final2012
2014-038.03final2012
2014-027.87final2012
2014-017.88final2012
2025-124.31final2012
2025-114.10final2012
2025-104.12final2012
2025-094.00final2012
2025-083.89final2012
2025-073.95final2012
2025-064.19final2012
2025-054.07final2012
2025-043.96final2012
2025-033.77final2012
2025-023.32final2012
2025-013.02final2012
2024-122.96final2012
2024-112.95final2012
2024-103.00final2012
2024-092.89final2012
2024-082.27final2012
2024-072.23final2012
2024-062.27final2012
2024-052.24final2012
2024-042.30final2012
2024-032.38final2012
2024-022.84final2012
2024-013.05final2012
2023-123.25final2012
2023-113.47final2012
2023-103.66final2012
2023-093.91final2012
2023-084.72final2012
2023-074.78final2012
2023-064.95final2012
2023-055.01final2012
2023-045.23final2012
2023-036.16final2012
2023-026.54final2012
2023-016.69final2012
2022-126.69final2012
2022-116.60final2012
2022-106.49final2012
2022-096.62final2012
2022-086.46final2012
2022-076.53final2012
2022-066.49final2012
2022-056.52final2012
2022-047.43final2012
2022-036.47final2012
2022-026.33final2012
2022-016.36final2012
2021-126.61final2012
2021-116.94final2012
2021-107.04final2012
2021-096.69final2012
2021-086.63final2012
2021-076.70final2012
2021-066.89final2012
2021-057.05final2012
2021-045.71final2012
2021-035.80final2012
2021-025.59final2012
2021-015.43final2012
2020-125.31final2012
2020-115.32final2012
2020-105.31final2012
2019-112.79final2012
2019-102.76final2012
2018-115.91final2012
2018-106.49final2012
2018-096.16final2012
2018-086.25final2012
2018-076.50final2012
2018-066.49final2012
2018-056.17final2012
2018-045.82final2012
2018-035.41final2012
2018-025.37final2012
2018-015.47final2012
2017-125.48final2012
2017-115.34final2012
2017-104.77final2012
2017-094.73final2012
2017-084.56final2012
2017-074.06final2012
2017-063.93final2012
2017-054.40final2012
2017-044.73final2012
2017-034.98final2012
2017-024.71final2012
2017-014.81final2012
2016-124.77final2012
2016-114.70final2012
2016-104.72final2012
2016-094.65final2012
2016-084.43final2012
2016-074.40final2012
2016-064.34final2012
2016-054.45final2012
2016-044.65final2012
2016-034.59final2012
2016-024.94final2012
2016-014.82final2012
2015-124.83final2012
2015-114.70final2012
2015-104.53final2012
2015-094.45final2012
2015-084.35final2012
2015-074.47final2012
2015-064.96final2012
2015-054.79final2012
2015-044.42final2012
2015-034.32final2012
2015-024.23final2012
2015-014.17final2012
2014-124.33final2012
2014-114.59final2012
2014-104.95final2012
2014-095.01final2012
2014-085.75final2012
2014-076.24final2012
2014-066.39final2012
2014-057.94final2012
2014-047.86final2012
2014-037.77final2012
2014-027.63final2012
2014-017.69final2012
Why it matters

It shows the slower, broader pressure on prices that interest rates can influence. When headline inflation jumps but this stays flat, the cause is food and the RBI usually looks through it; when this rises too, price pressure has spread.

What it leaves out

Not MoSPI's number, and not the RBI's usual core, which also leaves out fuel; the 2024 basket folds household fuel into housing, so fuel cannot be removed yet (the 2012-base history shows both). Only nine months exist on the 2024 base. The history has holes: no housing index was published from December 2018 to September 2019, so core is missing then and in the same months of 2020, and no CPI exists for April and May 2020.

How we compute it

The eleven other divisions of the CPI, weighted by MoSPI's 2024-base weights, this month against the same month a year earlier. We compute it; MoSPI does not publish it.

RelatedCPI inflation →Food inflation →Repo rate →
Past-paper questionsInflation, unemployment and the Phillips curve →Indian economic data, surveys and reports →Indian statistical system and national accounts →
Source · MoSPI, Consumer Price Index · Official statistics, attributed to MoSPI
Unit · %, base 2024 · worked out by us
Release · 12th of the following month, with CPI.
Break · New base 2024 = 100 from 2026-01-01
Last checked · 2026-11-08 · freshness of every number →
Series id · prices.cpi.exfood