Annual inflation rate in India eased to 4.29 percent in April of 2021, the lowest reading in three months from 5.52 percent in March. Figures came in line with forecasts of 4.2 percent. Food inflation slowed sharply to 2.02 percent from 4.94 percent, mainly due to pulses (7.51 percent vs 13.25 percent) and a bigger fall in cost of vegetables (-14.18 percent vs -4.83 percent). Cost also eased for clothing and footwear (3.49 percent vs 4.41 percent), miscellaneous (6.19 percent vs 6.82 percent) and pan, tobacco and intoxicants (9.1 percent vs 9.81 percent) but accelerated for fuel and light (7.91 percent vs 4.5 percent) and housing (3.73 percent vs 3.5 percent). India’s future inflation trajectory will be shaped by the course of the Covid-19 pandemic, but global commodity price-driven pressures remain a concern, RBI Governor Shaktikanta Das said last week. source: Ministry of Statistics and Programme Implementation (MOSPI)

Inflation Rate in India averaged 6.01 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 June of 2021.

Inflation Rate in India is expected to be 5.20 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 5.30 in 12 months time. In the long-term, the India Inflation Rate is projected to trend around 4.20 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
4.29 5.52 12.17 1.54 2012 - 2021 percent Monthly
2012=100


Calendar GMT Actual Previous Consensus TEForecast
2021-02-12 12:00 PM Jan 4.06% 4.59% 4.45% 4%
2021-03-12 12:00 PM Feb 5.03% 4.06% 4.83% 4.7%
2021-04-12 12:00 PM Mar 5.52% 5.03% 5.4% 5.5%
2021-05-12 12:00 PM Apr 4.29% 5.52% 4.2% 4.5%
2021-06-14 12:00 PM May 4.29% 5.3% 5.2%
2021-07-12 12:00 PM Jun 5.2%
2021-08-12 12:00 PM Jul
2021-09-13 12:00 PM Aug
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
India Inflation Rate at 3-Month Low
Annual inflation rate in India eased to 4.29 percent in April of 2021, the lowest reading in three months from 5.52 percent in March. Figures came in line with forecasts of 4.2 percent. Food inflation slowed sharply to 2.02 percent from 4.94 percent, mainly due to pulses (7.51 percent vs 13.25 percent) and a bigger fall in cost of vegetables (-14.18 percent vs -4.83 percent). Cost also eased for clothing and footwear (3.49 percent vs 4.41 percent), miscellaneous (6.19 percent vs 6.82 percent) and pan, tobacco and intoxicants (9.1 percent vs 9.81 percent) but accelerated for fuel and light (7.91 percent vs 4.5 percent) and housing (3.73 percent vs 3.5 percent). India’s future inflation trajectory will be shaped by the course of the Covid-19 pandemic, but global commodity price-driven pressures remain a concern, RBI Governor Shaktikanta Das said last week.
2021-05-12
India Inflation Rate Rises More than Expected
Retail price inflation in India edged up to 5.52 percent in March of 2021, the highest in 4 months from 5.03 percent in February and above market forecasts of 5.4 percent mostly due to higher commodity prices and economic recovery. Still, It is the fourth consecutive month that inflation remains below the Reserve Bank of India’s upper margin of 6 percent. Food inflation accelerated for the second month to 4.94 percent from 3.87 percent with the cost of pulses jumping 13.25 percent and the cost of vegetables felling at a slower 4.83 percent. Cost also accelerated for fuel and light (4.5 percent vs 3.53 percent); clothing and footwear (4.41 percent vs 4.21 percent); housing (3.5 percent vs 3.23 percent) and miscellaneous (6.82 percent vs 6.49 percent); but eased for pan, tobacco and intoxicants (9.81 percent vs 10.7 percent).
2021-04-12
India Inflation Rate Above Forecasts
Retail price inflation in India jumped to 5.03 percent in February of 202, the highest in 3 months from 4.06 percent in January and above market forecasts of 4.83 percent. Food inflation accelerated to 3.87 percent from 1.89 percent which was the lowest since May of 2019. Cost of pulses jumped 12.54 percent while vegetables fell at a slower 6.24 percent. Cost of clothing and footwear also accelerated (4.21 percent vs 3.82 percent) while prices eased for miscellaneous (6.82 percent vs 6.49 percent); pan, tobacco and intoxicants (10.7 percent vs 10.87 percent); housing (3.23 percent vs 3.25 percent); and fuel and light (3.53 percent vs 3.87 percent).
2021-03-12
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
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.