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.

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India Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.06 4.59 12.17 1.54 2012 - 2021 percent Monthly
2012=100


Calendar GMT Actual Previous Consensus TEForecast
2020-11-12 12:00 PM Oct 7.61% 7.27% 7.30% 7.3%
2020-12-14 12:00 PM Nov 6.93% 7.61% 7.10% 7.2%
2021-01-12 12:00 PM Dec 4.59% 6.93% 5.28% 5.6%
2021-02-12 12:00 PM Jan 4.06% 4.59% 4.45% 4%
2021-03-12 12:00 PM Feb 4.06% 4.2%
2021-04-12 12:00 PM Mar
2021-05-12 12:00 PM Apr
2021-06-14 12:00 PM May
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
India Inflation Rate at 16-Month Low
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).
2021-02-12
India Inflation Rate Lowest in 15 Months
India's retail price inflation dropped to 4.59 percent year-on-year in December 2020, the lowest in 15 months, from 6.93 percent in November and below market expectations of 5.28 percent. It is the first time since March that prices remain within the central bank's 2-6 percent target range mainly due to a slowdown in the cost of food (3.41 percent vs 9.50 percent). Miscellaneous price inflation also eased to 6.60 percent from 6.94 percent. Meanwhile, prices rose at a faster pace for pan, tobacco and intoxicants (10.74 percent vs 10.36 percent), housing (3.21 percent vs 3.19 percent), fuel and light (2.99 percent vs 1.90 percent), and clothing and footwear (3.49 percent vs 3.30 percent). On a monthly basis, consumer prices declined 1 percent, the first monthly drop since May.
2021-01-12
India Inflation Rate Slows More Than Forecast
India's retail price inflation eased to 6.93 percent year-on-year in November 2020, from an over six-year high of 7.61 percent in the previous month and compared with market expectations of 7.10 percent. Sill, inflation remained above the central bank's 2-6 percent target range for an eight straight month. Cost of food increased at a slower pace (9.43 percent vs 11.0 percent), as well as prices of pan, tobacco and intoxicants (10.36 percent vs 10.65 percent), housing (3.19 percent vs 3.27 percent), and fuel and light (1.90 percent vs 2.28 percent). On the other hand, inflation picked up for clothing and footwear (3.30 percent vs 3.17 percent) and miscellaneous (6.94 percent vs 6.88 percent).
2020-12-14
India Inflation Rate Highest Since 2014
Annual consumer price inflation in India increased to 7.61 percent in October of 2020 from a downwardly revised 7.27 percent in September, above market expectations of 7.3 percent. It is the highest rate since May 2014, remaining above the central bank 2 percent-6 percent target range for the 7th straight month. Food inflation went up to 11.07 percent from 10.68 percent, the highest since January and ahead of the festival season. Prices of vegetables jumped 22.51 percent, egg 21.81 percent, meat and fish 18.7 percent and pulses 18.34 percent. Meantime, cost slowed for miscellaneous (6.88 percent vs 7.79 percent); transport & communication (11.16 percent vs 11.36 percent); health (5.22 percent vs 6.74 percent) and education (2.06 percent vs 3.1 percent).
2020-11-12

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.