India Inflation Rate  2012-2017 | Data | Chart | Calendar | Forecast

Consumer prices in India increased 3.36 percent year-on-year in August of 2017, following a 2.36 percent rise in July and above market expectations of 3.2 percent. It is the highest inflation rate since March, due to a rebound in food prices. The Reserve Bank of India expects inflation at 2 percent - 3.5 percent in the first half of this fiscal year (April to September 2017) and at 3.5 percent - 4.5 percent in the second half (October 2017 to March 2018). Inflation Rate in India averaged 6.85 percent from 2012 until 2017, reaching an all time high of 12.17 percent in November of 2013 and a record low of 1.54 percent in June of 2017.

India Inflation Rate
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India Inflation Rate at 5-Month High in August


Consumer prices in India increased 3.36 percent year-on-year in August of 2017, following a 2.36 percent rise in July and above market expectations of 3.2 percent. It is the highest inflation rate since March, due to a rebound in food prices. The Reserve Bank of India expects inflation at 2 percent - 3.5 percent in the first half of this fiscal year (April to September 2017) and at 3.5 percent - 4.5 percent in the second half (October 2017 to March 2018).

Prices went up at a faster pace for food and beverages (1.96 percent compared to 0.43 percent in July). The food index alone jumped 1.52 percent, recovering from a 0.29 percent drop in July. Prices surged for vegetables (6.16 percent compared to -3.57 percent) and fruits (5.29 percent compared to 2.83 percent) while cost of pulses fell slightly less (-24.43 percent compared to -24.75 percent). In addition, prices went up faster for housing (5.58 percent from 4.98 percent); fuel and light (4.94 percent compared to 4.86 percent in July) and clothing and footwear (4.58 percent compared to 4.22 percent).

The corresponding provisional inflation rates for rural and urban areas are 3.3 percent and 3.35 percent (2.41 percent and 2.17 percent respectively in July).

Joana Taborda | joana.taborda@tradingeconomics.com
9/12/2017 12:25:13 PM


Recent Releases

India Inflation Rate Rises to 2.36% in July
India's consumer prices increased 2.36 percent year-on-year in July 2017, beating market expectations of 1.87 percent and following a 1.54 percent gain in the previous month. Cost of housing, energy and clothing rose further and food prices fell at a softer pace.
Published on 2017-08-14

India Inflation Rate Falls To Fresh Low Of 1.54%
Consumer prices in India increased 1.54 percent year-on-year in June of 2017, slowing sharply from a 2.18 percent rise in May and below market expectations of 1.7 percent. The inflation rate fell to a fresh record low for the third month as food prices declined faster amid a favorable monsoon.
Published on 2017-07-12

India Inflation Rate Down To Record Low Of 2.18%
Consumer prices in India increased 2.18 percent year-on-year in May of 2017, slowing from a 2.99 percent rise in April and well below market expectations of 2.6 percent. The inflation hit a new record low for the second month as food prices fell for the first time ever led by pulses and vegetables.
Published on 2017-06-12

India Inflation Rate Falls To Record Low Of 2.99%
Consumer prices in India increased 2.99 percent year-on-year in April of 2017, following a 3.81 percent rise in March and well below market expectations of 3.5 percent. It is the lowest inflation rate since the series began in 2012, driven by a slowdown in food prices.
Published on 2017-05-12



Calendar GMT Actual Previous Consensus TEForecast
2017-07-12 12:00 PM Inflation Rate YoY 1.54% 2.18% 1.7% 1.9%
2017-08-14 12:00 PM Inflation Rate YoY 2.36% 1.46% 1.87% 1.7%
2017-09-12 12:00 PM Inflation Rate YoY 3.36% 2.36% 3.20% 3%
2017-10-13 12:00 PM Inflation Rate YoY 3.36% 3.5%
2017-11-13 01:00 PM Inflation Rate YoY 3.3%
2017-12-14 12:00 PM Inflation Rate YoY 3%


India Prices Last Previous Highest Lowest Unit
Inflation Rate 3.36 2.36 12.17 1.54 percent [+]
Consumer Price Index CPI 135.50 134.20 135.50 86.81 Index Points [+]
GDP Deflator 124.60 120.20 146.50 100.00 Index Points [+]
Producer Prices 114.80 113.90 117.20 62.44 Index Points [+]
Producer Prices Change 3.24 1.88 34.68 -11.31 percent [+]
Export Prices 372.00 300.00 372.00 100.00 Index Points [+]
Import Prices 518.00 518.00 518.00 100.00 Index Points [+]
Food Inflation 1.52 -0.29 14.72 -2.12 percent [+]
CPI Transportation 117.30 115.90 117.60 103.20 Index Points [+]
Inflation Rate Mom 0.97 1.67 1.77 -1.00 percent [+]


India Inflation Rate

In 2013, the consumer price index replaced the wholesale price index (WPI) as a main measure of inflation. In India, the most important category in the consumer price index is Food and beverages (45.86 percent of total weight). Housing accounts for 10 percent; Transport and communication for 8.6 percent; Fuel and light for 6.84 percent; Clothing and footwear for 6.5 percent; Medical care for 5.9 percent and education for 4.5 percent. Consumer price changes in India can be very volatile due to dependence on energy imports, the uncertain impact of monsoon rains on its large farm sector, difficulties transporting food items to market because of its poor roads and infrastructure and high fiscal deficit. This page provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Inflation Rate - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.36 2.36 12.17 1.54 2012 - 2017 percent Monthly
2012=100




inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.46 Aug/17
Canada 1.20 Jul/17
China 1.80 Aug/17
Euro Area 1.50 Aug/17
France 0.90 Aug/17
Germany 1.80 Aug/17
India 3.36 Aug/17
Indonesia 3.82 Aug/17
Italy 1.20 Aug/17
Japan 0.40 Jul/17
Mexico 6.66 Aug/17
Netherlands 1.40 Aug/17
Russia 3.30 Aug/17
South Korea 2.60 Aug/17
Spain 1.60 Aug/17
Switzerland 0.50 Aug/17
Turkey 10.68 Aug/17
United Kingdom 2.90 Aug/17
United States 1.90 Aug/17