The headline inflation rate in India rose to 5.54% in September 2026 from 4.83% in the previous month, the highest since October 2024 and ahead of market expectations of 5.4%. It was the 11th straight month of rising inflation in the economy, approaching the Reserve Bank of India's upper tolerance limit of 6% as adverse weather and geopolitical shocks to oil prices lifted the costs of major products in the Indian consumer basket. Food costs were 7.74% higher year-on-year, with onion prices jumping 108% while ginger (62.9%) and garlic (54.6%) also increased sharply. Meanwhile, higher oil prices and a weakening rupee drove transportation inflation to 5.01%. Price growth was also high for restaurants and accommodation (9.36%) and personal care and social protection (13.75%). Month-on-month, the Indian CPI rose by 0.69%. source: Ministry of Statistics and Programme Implementation (MOSPI)

Inflation Rate in India increased to 5.54 percent in September from 4.83 percent in August of 2026. Inflation Rate in India averaged 5.57 percent from 2012 until 2026, reaching an all time high of 12.17 percent in November of 2013 and a record low of 0.25 percent in October of 2025. 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 October of 2026.

Inflation Rate in India increased to 5.54 percent in September from 4.83 percent in August of 2026. Inflation Rate in India is expected to be 5.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Inflation Rate is projected to trend around 4.00 percent in 2027 and 4.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-14 10:30 AM
Inflation Rate YoY
Aug 4.82% 4.44% 4.8% 4.7%
2026-10-12 10:30 AM
Inflation Rate YoY
Sep 5.54% 4.83% 5.4% 5.3%
2026-11-12 10:30 AM
Inflation Rate YoY
Oct 5.54% 6.2%



Components Last Previous Unit Reference
CPI Clothing and Footwear 109.63 108.94 points Sep 2026
CPI Education Services 109.05 108.91 points Sep 2026
Consumer Food Price Index (CFPI) 112.17 110.73 points Sep 2026
CPI Housing and Utilities 104.41 104.16 points Sep 2026
CPI Recreation, Sport and Culture 105.51 105.03 points Sep 2026
CPI Restaurants and Accommodation Services 114.79 113.61 points Sep 2026
CPI Transport 106.12 105.90 points Sep 2026
Food Inflation 7.74 5.97 percent Sep 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 109.49 108.74 points Sep 2026
Inflation Rate YoY 5.54 4.83 percent Sep 2026
Inflation Rate MoM 0.69 0.73 percent Sep 2026


India Inflation Rate
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. In 2013, the consumer price index replaced the wholesale price index (WPI) as a main measure of inflation.
Actual Previous Highest Lowest Dates Unit Frequency
5.54 4.83 12.17 0.25 2012 - 2026 percent Monthly
NSA

News Stream
India Inflation Rises to 2-Year High
The headline inflation rate in India rose to 5.54% in September 2026 from 4.83% in the previous month, the highest since October 2024 and ahead of market expectations of 5.4%. It was the 11th straight month of rising inflation in the economy, approaching the Reserve Bank of India's upper tolerance limit of 6% as adverse weather and geopolitical shocks to oil prices lifted the costs of major products in the Indian consumer basket. Food costs were 7.74% higher year-on-year, with onion prices jumping 108% while ginger (62.9%) and garlic (54.6%) also increased sharply. Meanwhile, higher oil prices and a weakening rupee drove transportation inflation to 5.01%. Price growth was also high for restaurants and accommodation (9.36%) and personal care and social protection (13.75%). Month-on-month, the Indian CPI rose by 0.69%.
2026-10-12
India Inflation Rate Rises as Expected
The headline inflation rate in India rose to 4.82% in August of 2026, the highest since December of 2024, from 4.45% in the previous month and aligned with market expectations of 4.8%. The increase reflected fresh inflationary pressures from the surge in energy prices since the outbreak of war in the Middle East, magnified by the consequent pressure on the rupee. Still, the rate remained comfortably within the RBI's tolerance range of 2 percentage points away from 4%. Inflation was elevated for food and beverages (5.95%) and transportation (4.6%), both impacted by the war, while the latter was also influenced by adverse weather conditions for key crops during an aggressive El Nino. Meanwhile, prices soared for restaurants and accommodation services (8.38%) and personal care, social protection, and miscellaneous goods and services (15.17%).
2026-09-14
India Inflation Rises to 20-Month High
The headline inflation rate in India rose to 4.45% in July of 2026 from 4.38% in the previous month, the highest since December of 2024, and aligned with market expectations of 4.5%. The increase reflected fresh inflationary pressures from the surge in energy prices since the outbreak of war in the Middle East, magnified by the consequent pressure on the rupee. Still, the rate remained comfortably within the RBI's tolerance range of 2 percentage points away from 4%. Inflation was elevated for food and beverages (5.52%) and transportation (4.43%), both impacted by the war and adverse weather conditions for key crops. In turn, inflation was more muted for housing and utilities (2.16%) and recreation, sport, and culture (1.6%). From the previous month, the Indian CPI rose by 0.88%.
2026-08-12