India's CPI inflation to ease to 4.7-4.8 pc in FY25, driven by lower food prices: Report

India's CPI inflation is projected to be around 4.7-4.8% for FY25, due to easing food inflation and stable global commodity prices. Favorable harvests and benign global food and energy prices contribute to this positive outlook. November 2024 CPI inflation moderated to 5.5%, with vegetable inflation dropping significantly. This trend may lead to a more accommodative monetary policy by the RBI.