India's retail price inflation rate eased for a third straight month to 5.30 percent year-on-year in August 2021, below market expectations of 5.60 percent and remaining within the RBI's 2-6 percent target range for the second month in a row, potentially easing pressure for normalization of ultra-loose monetary policy. Prices rose at a softer pace for food (3.11 percent vs 3.96 percent), pan, tobacco and intoxicants (3.96 percent vs 4.71 percent), and miscellaneous (6.40 percent vs 6.71 percent), including transport and communication (10.24 percent vs 10.54 percent) and personal care and effects (1.01 percent vs 3.76 percent). Meanwhile, inflation picked up for fuel and light (12.95 percent vs 12.38 percent), clothing and footwear (6.84 percent vs 6.46 percent), and housing (3.90 percent vs 3.86 percent). 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 September of 2021.

Inflation Rate in India is expected to be 5.40 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 5.10 percent in 2022 and 4.60 percent in 2023, according to our econometric models.

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India Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.30 5.59 12.17 1.54 2012 - 2021 percent Monthly
2012=100


Calendar GMT Actual Previous Consensus TEForecast
2021-06-14 12:00 PM May 6.3% 4.23% 5.3% 5.2%
2021-07-12 12:00 PM Jun 6.26% 6.3% 6.58% 6.5%
2021-08-12 12:00 PM Jul 5.59% 6.26% 5.78% 5.9%
2021-09-13 12:00 PM Aug 5.3% 5.59% 5.6% 5.6%
2021-10-12 12:00 PM Sep 5.3% 5.4%
2021-11-12 12:00 PM Oct
2021-12-11 12:00 PM Nov


News Stream
India Inflation Rate Slows More than Forecast
India's retail price inflation rate eased for a third straight month to 5.30 percent year-on-year in August 2021, below market expectations of 5.60 percent and remaining within the RBI's 2-6 percent target range for the second month in a row, potentially easing pressure for normalization of ultra-loose monetary policy. Prices rose at a softer pace for food (3.11 percent vs 3.96 percent), pan, tobacco and intoxicants (3.96 percent vs 4.71 percent), and miscellaneous (6.40 percent vs 6.71 percent), including transport and communication (10.24 percent vs 10.54 percent) and personal care and effects (1.01 percent vs 3.76 percent). Meanwhile, inflation picked up for fuel and light (12.95 percent vs 12.38 percent), clothing and footwear (6.84 percent vs 6.46 percent), and housing (3.90 percent vs 3.86 percent).
2021-09-13
Indian Inflation Slows to Hit RBI's Target Range
India's retail price inflation rate eased to 5.59 percent year-on-year in July 2021, from 6.26 percent in the previous month and below market expectations of 5.78 percent. It was the first time since April that inflation remained within the central bank's 2-6 percent target range, as the food cost rate slowed sharply to 3.96 percent from 5.15 percent in June. Prices also rose at a softer pace for fuel and light (12.38 percent vs 12.68 percent) and miscellaneous (6.71 percent vs 7.28 percent). Meanwhile, inflation picked up for pan, tobacco and intoxicants (4.71 percent vs 3.98 percent), clothing and footwear (6.46 percent vs 6.21 percent), and housing (3.86 percent vs 3.75 percent).
2021-08-12
India Inflation Rate Below Forecasts
Annual consumer inflation rate in India was little changed at 6.26 percent in June from 6.30 percent in May of 2021, lower than market forecasts of 6.58 percent. A slowdown was seen in cost of pan, tobacco and intoxicants (3.98 percent vs 10 percent in May); miscellaneous (7.28 percent vs 7.52 percent); clothing and footwear; and housing (3.75 percent vs 3.86 percent). In contrast, inflation accelerated for food (5.15 percent vs 5.01 percent); fuel and light (12.68 percent vs 11.58 percent); and clothing and footwear (6.21 percent vs 5.32 percent). Retail inflation stayed above the central bank target range of 2 percent-6 percent for the 2nd month, due to high global commodity prices.
2021-07-12
India Inflation Rate Surges to 6.3%
Annual consumer inflation rate in India increased to 6.3 percent in May of 2021, the highest in 6 months, from a downwardly revised 4.23 percent in April. Figures came well above market forecasts of 5.3 percent, as higher global commodity prices including including crude, edible oils and gold weighed. Food inflation jumped to 5.01 percent, with oils and fats (30.84 percent), non-alcoholic beverages (15.1 percent), fruits (11.98 percent) and pulses (9.39 percent) recording the biggest increases. Additional upward pressure came from cost of fuel and light (11.58 percent); pan, tobacco and intoxicants (10 percent); miscellaneous (7.52 percent); clothing and footwear (5.32 percent); and housing (3.86 percent). The Reserve Bank of India estimates an average inflation rate of 5.1 percent for the current financial year.
2021-06-14

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.