Retail price inflation in India fell to 4.06 percent in January of 2021 from 4.59 percent in December. It is the lowest reading since September of 2019 and below market forecasts of 4.45 percent. Also, the inflation rate stayed within the central bank's target of 2-6 percent for the second consecutive month. Food inflation slowed sharply to 1.89 percent from 3.41 percent, mainly due to a 15.84 percent slump in vegetables prices. Miscellaneous price inflation also eased to 6.49 percent from 6.6 percent. On the other hand, prices increased slightly more for pan, tobacco and intoxicants (10.87 percent vs 10.74 percent), housing (3.25 percent vs 3.21 percent), fuel and light (3.87 percent vs 2.99 percent), and clothing and footwear (3.82 percent vs 3.49 percent). source: Ministry of Statistics and Programme Implementation (MOSPI)
Inflation Rate in India averaged 6.04 percent from 2012 until 2021, 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. This page provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Inflation Rate in India is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in India to stand at 4.40 in 12 months time. In the long-term, the India Inflation Rate is projected to trend around 4.10 percent in 2022 and 3.60 percent in 2023, according to our econometric models.