Consumer prices in India increased 6.09% year-on-year in June of 2020, well above market forecasts of 5.3%. Biggest increases were seen in cost of pan and tobacco (9.7%), food and beverages (7.29%), miscellaneous (5.7%), housing (3.55%), clothing and footwear (3.53%) and fuel and light (2.69%). The food alone index increased 7.87%, the least in eight months. Within food, the biggest rises were seen for cost of pulses (16.68%), meat and fish (16.22%) and spices (11.74%) while prices of fruits fell 0.68% and cost of vegetables rose 1.86% only. Figures for April and May of 2020 were released only with the June ones, as visits to collect the data were suspended from March 19th due to the coronavirus lockdown. India first imposed a coronavirus lockdown in late March and has extended it several times as the number of infections is spiking.
Inflation Rate in India averaged 6.01 percent from 2012 until 2020, 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 August of 2020. source: Ministry of Statistics and Programme Implementation (MOSPI)
Inflation Rate in India is expected to be 3.60 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 4.00 in 12 months time. In the long-term, the India Inflation Rate is projected to trend around 4.50 percent in 2021 and 4.10 percent in 2022, according to our econometric models.