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

India' annual inflation rate eased to 4.17 percent in July 2018 from a downwardly revised 4.92 percent in the previous month, and below market expectations of 4.51 percent. Still, inflation remained above the central bank's medium-term target of 4 percent for nine consecutive months. Inflation Rate in India averaged 6.52 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 July Inflation Rate Weaker than Expected


India' annual inflation rate eased to 4.17 percent in July 2018 from a downwardly revised 4.92 percent in the previous month, and below market expectations of 4.51 percent. Still, inflation remained above the central bank's medium-term target of 4 percent for nine consecutive months.

Food and beverages inflation went down to 1.73 percent in July from 3.11 percent in June, with the food index alone rising 1.37 percent (vs 2.91 percent in June). Inflation slowed for fruits (6.98 percent vs 10.06 percent); prepared meals, snacks, sweets etc. (4.46 percent vs 4.76 percent); milk and products (2.96 percent vs 3.04 percent); and non-alcoholic beverages (1.40 percent vs 1.96 percent). In addition, there was a decline in prices of vegetables (-2.19 percent vs 7.80 percent); pulses and products (-8.91 percent vs -10.87 percent); and sugar and confectionery (-5.81 percent vs -7.11 percent). On the other hand, inflation picked up for eggs (7.41 percent vs 5.85 percent); oils and fats (2.79 percent vs 2.62 percent); spices (2.66 percent vs 2.29 percent); and meat and fish (2.26 percent vs 2.20 percent). 

Among non-food products, prices rose at a softer pace for: housing (8.30 percent vs 8.45 percent); clothing and footwear (5.28 percent vs 5.60 percent); and pan, tobacco and intoxicants (6.34 percent vs 8.05 percent). Inflation rose for both fuel and light (7.96 percent vs 7.22 percent); and miscellaneous (5.80 percent vs 5.66 percent). 

The corresponding provisional inflation rates for rural and urban areas were 4.11 percent and 4.32 percent, compared with June's figures of 4.93 percent and 4.85 percent respectively.

On a monthly basis, consumer prices increased 0.94 percent in July, after a revised 0.51 percent gain in June.


Joana Ferreira | joana.ferreira@tradingeconomics.com
8/13/2018 1:03:06 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-06-12 12:00 PM Inflation Rate YoY 4.87% 4.58% 4.83% 4.9%
2018-07-12 12:00 PM Inflation Rate YoY 5% 4.87% 5.3% 5.2%
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 4.17% 5%
2018-10-12 12:00 PM Inflation Rate YoY 5.1%
2018-11-13 12:00 PM Inflation Rate YoY 4.80%


India Prices Last Previous Highest Lowest Unit
Inflation Rate 4.17 4.92 12.17 1.54 percent [+]
Consumer Price Index CPI 139.80 138.50 139.80 86.81 Index Points [+]
GDP Deflator 128.80 125.10 146.50 100.00 Index Points [+]
Producer Prices 119.70 119.20 119.70 62.44 Index Points [+]
Producer Prices Change 5.09 5.77 34.68 -11.31 percent [+]
Export Prices 372.00 372.00 372.00 100.00 Index Points [+]
Import Prices 523.00 518.00 523.00 100.00 Index Points [+]
Food Inflation 1.37 2.91 14.72 -2.12 percent [+]
Inflation Rate Mom 0.94 0.51 2.25 -1.55 percent [+]
Cpi Housing Utilities 143.60 142.50 143.60 100.30 Index Points [+]
CPI Transportation 123.60 123.70 123.70 103.20 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.17 4.92 12.17 1.54 2012 - 2018 percent Monthly
2012=100




inflation rate by Country
Country Last
Australia 2.10 Jun/18
Brazil 4.48 Jul/18
Canada 3.00 Jul/18
China 2.10 Jul/18
Euro Area 2.10 Jul/18
France 2.30 Jul/18
Germany 2.00 Jul/18
India 4.17 Jul/18
Indonesia 3.18 Jul/18
Italy 1.50 Jul/18
Japan 0.70 Jun/18
Mexico 4.81 Jul/18
Netherlands 2.10 Jul/18
Russia 2.50 Jul/18
South Korea 1.50 Jul/18
Spain 2.20 Jul/18
Switzerland 1.20 Jul/18
Turkey 15.85 Jul/18
United Kingdom 2.50 Jul/18
United States 2.90 Jul/18


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