India Inflation Rate  2012-2018 | Data | Chart | Calendar | Forecast

Annual consumer inflation in India edged up to 3.77 percent in September of 2018 from 3.69 percent in August, but below market expectations of 4 percent. Food inflation increased only slightly, in line with central bank expectations. Earlier in the week, the Reserve Bank of India cut its inflation forecasts to 4 percent from 4.6 percent in Q2:2018-19 (July-September 2018), mentioning low food inflation. Inflation Rate in India averaged 6.45 percent from 2012 until 2018, 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 Rises Less than Forecasts


Annual consumer inflation in India edged up to 3.77 percent in September of 2018 from 3.69 percent in August, but below market expectations of 4 percent. Food inflation increased only slightly, in line with central bank expectations. Earlier in the week, the Reserve Bank of India cut its inflation forecasts to 4 percent from 4.6 percent in Q2:2018-19 (July-September 2018), mentioning low food inflation.

Food and beverages inflation went up to 1.08 percent from 0.85 percent in August and the food index alone rose 0.51 percent, slightly higher than 0.29 percent in August. Prices rose faster for prepared meals, snacks, sweets etc. (4.41 percent compared to 4.16 percent); and non-alcoholic beverages (2.1 percent compared to 1.86 percent). On the other hand, inflation slowed for fruits (1.12 percent compared to 3.57 percent in August); milk and products (2.58 percent compared to 2.66 percent); eggs (3.76 percent compared to 6.96 percent); meat and fish (2.32 percent compared to 3.21 percent); oils and fats (3.21 percent compared to 3.47 percent); and was flat for spices (2.88 percent, the same as in August). Also, prices fell for vegetables (-4.15 percent compared to -7 percent); pulses and products (-8.58 percent compared to -7.76 percent); and sugar and confectionery (--6.42 percent compared to -5.81 percent).   
Among non-food products, prices rose at a faster pace for pan, tobacco and intoxicants (5.57 percent compared to 5.34 percent); and miscellaneous (5.65 percent compared to 5.52 percent) but were softer for housing (7.07 percent compared to 7.59 percent); and clothing and footwear (4.64 percent compared to 4.88 percent). Inflation was unchanged for fuel and light (8.47 percent, the same as in August).
The corresponding provisional inflation rates for rural and urban areas were 3.34 percent and 4.31 percent, compared with August's figures of 3.41 percent and 3.99 percent respectively.
On a monthly basis, consumer prices fell 0.07 percent in August, after a 0.43 percent gain in August.


Joana Taborda | joana.taborda@tradingeconomics.com
10/12/2018 12:57:36 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-08-13 12:00 PM Inflation Rate YoY 4.17% 4.92% 4.51% 4.9%
2018-09-12 12:00 PM Inflation Rate YoY 3.69% 4.17% 3.86% 4%
2018-10-12 12:00 PM Inflation Rate YoY 3.77% 3.69% 4% 4.1%
2018-11-13 12:00 PM Inflation Rate YoY 3.77% 4.50%
2018-12-14 12:00 PM Inflation Rate YoY 4.6%


India Prices Last Previous Highest Lowest Unit
Inflation Rate 3.77 3.69 12.17 1.54 percent [+]
Consumer Price Index CPI 140.30 140.40 140.40 86.81 Index Points [+]
GDP Deflator 128.80 125.10 146.50 100.00 Index Points [+]
Producer Prices 120.80 120.00 120.80 62.44 Index Points [+]
Producer Prices Change 5.13 4.53 34.68 -11.31 percent [+]
Export Prices 376.00 372.00 376.00 100.00 Index Points [+]
Import Prices 513.00 523.00 523.00 100.00 Index Points [+]
Food Inflation 0.51 0.29 14.72 -2.12 percent [+]
Inflation Rate Mom -0.07 0.43 2.25 -1.55 percent [+]
Cpi Housing Utilities 145.30 144.60 145.30 100.30 Index Points [+]
CPI Transportation 125.90 124.30 125.90 103.20 Index Points [+]


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), of which Cereals and products (9.67 percent), Milk and products (6.61 percent), Vegetables (6.04 percent), Prepared meals, snacks, sweets, etc. (5.55 percent), Meat and fish (3.61 percent), and Oils and fats (3.56 percent). Miscellaneous accounts for 28.32 percent, of which Transport and communication (8.59 percent), health (5.89 percent), and education (4.46 percent). Housing accounts for 10.07 percent; Fuel and light for 6.84 percent; Clothing and footwear for 6.53 percent; and Pan, tobacco and intoxicants for 2.38 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.77 3.69 12.17 1.54 2012 - 2018 percent Monthly
2012=100




inflation rate by Country
Country Last
Argentina 40.50 Sep/18
Australia 2.10 Jun/18
Brazil 4.53 Sep/18
Canada 2.20 Sep/18
China 2.50 Sep/18
Euro Area 2.10 Sep/18
France 2.20 Sep/18
Germany 2.30 Sep/18
India 3.77 Sep/18
Indonesia 2.88 Sep/18
Italy 1.40 Sep/18
Japan 1.20 Sep/18
Mexico 5.02 Sep/18
Netherlands 1.90 Sep/18
Russia 3.40 Sep/18
Saudi Arabia 2.20 Aug/18
Singapore 0.70 Aug/18
South Africa 4.90 Aug/18
South Korea 1.90 Sep/18
Spain 2.30 Sep/18
Switzerland 1.00 Sep/18
Turkey 24.52 Sep/18
United Kingdom 2.40 Sep/18
United States 2.30 Sep/18


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