Annual consumer inflation in India declined to 2.19 percent in December of 2018 from 2.33 percent in November, matching market expectations of 2.2 percent. It is the lowest inflation rate since June of 2017 as food prices continued to decline and inflation eased for clothing, housing and fuel. Inflation Rate in India averaged 6.32 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.

Inflation Rate in India is expected to be 3.20 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 4.20 in 12 months time. In the long-term, the India Inflation Rate is projected to trend around 5.50 percent in 2020, according to our econometric models.

India Inflation Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-10-12 12:00 PM Inflation Rate YoY 3.77% 3.69% 4% 4.1%
2018-11-12 12:00 PM Inflation Rate YoY 3.31% 3.7% 3.67% 3.7%
2018-12-12 12:00 PM Inflation Rate YoY 2.33% 3.38% 2.8% 3%
2019-01-14 12:00 PM Inflation Rate YoY 2.19% 2.33% 2.2% 2.2%
2019-02-12 12:00 PM Inflation Rate YoY 2.19%
2019-03-12 12:00 PM Inflation Rate YoY
2019-04-12 12:00 PM Inflation Rate YoY 3.2%



India Inflation Rate Slows Further in December

Annual consumer inflation in India declined to 2.19 percent in December of 2018 from 2.33 percent in November, matching market expectations of 2.2 percent. It is the lowest inflation rate since June of 2017 as food prices continued to decline and inflation eased for clothing, housing and fuel.

Prices of food and beverages declined 1.49 percent (-1.69 percent in November) and the food index alone dropped 2.51 percent after a record 2.61 percent decline in the previous month. Prices went down for vegetables (-16.14 percent compared to -15.59 percent in November), sugar and confectionery (-9.22 percent compared to -9.02 percent), pulses and products (-7.13 percent compared to -9.22 percent), eggs (-4.34 percent compared to -3.92 percent) and fruits (-1.41 percent compared to +0.21 percent).

Among non-food products, prices increased less for pan, tobacco and intoxicants (5.77 percent compared to 6.14 percent); clothing and footwear (3.52 percent compared to 3.53 percent); housing (5.32 percent compared to 5.99 percent); and fuel and light (4.54 percent compared to 7.39 percent); but rose slightly faster for miscellaneous (6.45 percent compared to 6.15 percent).

The corresponding provisional inflation rates for rural and urban areas were 1.65 percent and 2.91 percent, compared with November's figures of 1.71 percent and 3.12 percent respectively.

On a monthly basis, consumer prices fell 0.43 percent, the biggest monthly decline in two years.


Joana Taborda | joana.taborda@tradingeconomics.com
1/14/2019 12:35:26 PM



India Prices Last Previous Highest Lowest Unit
Inflation Rate 2.19 2.33 12.17 1.54 percent [+]
Consumer Price Index CPI 140.20 140.80 140.80 86.81 Index Points [+]
GDP Deflator 128.80 125.10 146.50 100.00 Index Points [+]
Producer Prices 120.10 121.80 121.80 62.44 Index Points [+]
Producer Prices Change 3.80 4.64 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 -2.51 -2.61 14.72 -2.61 percent [+]
Inflation Rate Mom -0.43 0.07 2.25 -1.55 percent [+]
Cpi Housing Utilities 146.50 146.90 146.90 100.30 Index Points [+]
CPI Transportation 123.60 125.50 126.90 103.20 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.19 2.33 12.17 1.54 2012 - 2018 percent Monthly
2012=100




Country Last Previous
Argentina 47.10 Dec/18
Australia 1.90 Sep/18
Brazil 3.75 Dec/18
Canada 2.00 Dec/18
China 1.90 Dec/18
Euro Area 1.60 Dec/18
France 1.60 Dec/18
Germany 1.70 Dec/18
India 2.19 Dec/18
Indonesia 3.13 Dec/18
Italy 1.10 Dec/18
Japan 0.30 Dec/18
Mexico 4.83 Dec/18
Netherlands 2.00 Dec/18
Russia 4.30 Dec/18
Saudi Arabia 2.20 Dec/18
Singapore 0.30 Nov/18
South Africa 5.20 Nov/18
South Korea 1.30 Dec/18
Spain 1.20 Dec/18
Switzerland 0.70 Dec/18
Turkey 20.30 Dec/18
United Kingdom 2.10 Dec/18
United States 1.90 Dec/18


Related

Latest