The annual inflation rate in India edged down to 7.04 percent in May of 2022 from an 8-year high of 7.79 percent in the previous month, and below market expectations of 7.1 percent. However, it remained above the RBI's target range of 2%-6% for the 5th straight month. Prices of food rose 7.84 percent, particularly vegetables (18.26 percent), oil and fats (13.26 percent) and spices (9.93 percent). Additional upward pressure came from costs of transportation & communication (9.54 percent); clothing (8.53 percent) and health (5.49 percent). On a monthly basis, consumer prices went up 0.94 percent, after a 1.43 percent advance in April. source: Ministry of Statistics and Programme Implementation (MOSPI)

Inflation Rate in India averaged 6 percent from 2012 until 2022, 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 July of 2022.

Inflation Rate in India is expected to be 6.90 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 4.60 percent in 2023, according to our econometric models.

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India Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-12 12:00 PM Apr 7.79% 6.95% 7.5% 7.4%
2022-06-13 12:00 PM May 7.04% 7.79% 7.1% 7.3%
2022-07-12 12:00 PM Jun 7.04% 6.9%


Related Last Previous Unit Reference
Inflation Rate 7.04 7.79 percent May 2022
Consumer Price Index CPI 171.70 170.10 points May 2022
GDP Deflator 160.10 146.10 points Dec 2022
Food Inflation 7.84 8.38 percent May 2022
Inflation Rate Mom 0.94 1.43 percent May 2022
CPI Transportation 163.10 162.60 points May 2022
CPI Housing Utilities 167.60 167.00 points May 2022

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
7.04 7.79 12.17 1.54 2012 - 2022 percent Monthly
2012=100

News Stream
India Inflation Rate Lower than Expected
The annual inflation rate in India edged down to 7.04 percent in May of 2022 from an 8-year high of 7.79 percent in the previous month, and below market expectations of 7.1 percent. However, it remained above the RBI's target range of 2%-6% for the 5th straight month. Prices of food rose 7.84 percent, particularly vegetables (18.26 percent), oil and fats (13.26 percent) and spices (9.93 percent). Additional upward pressure came from costs of transportation & communication (9.54 percent); clothing (8.53 percent) and health (5.49 percent). On a monthly basis, consumer prices went up 0.94 percent, after a 1.43 percent advance in April.
2022-06-13
India Inflation Rate Highest Since 2014
The annual inflation rate in India increased to 7.79% in April of 2022, the highest since May of 2014, and above market forecasts of 7.50%. Food inflation accelerated for the 7th straight month to 8.38%, a new high since November of 2020, with cost of oils and fats (17.28%), vegetables (15.41%) and spices (10.56%) recording the biggest rises. Additional upward pressure came from costs of transportation & communication (10.91%), health (7.21%), footwear (12.12%) and clothing (9.51%).The inflation stayed above the 2% to 6% tolerance limit of the central bank for the fourth month in a row.
2022-05-12
India Inflation Rate Highest Since October 2020
Annual inflation rate in India increased to 6.95% in March of 2022, the highest since October of 2020, and above market forecasts of 6.35%. Food inflation accelerated for a 6th straight month to 7.68%, a new high since November of 2020, with cost of oils and fats (18.79%), vegetables (11.64%) and meat and fish (9.63%) recording again the biggest rises. Other upward pressure came from prices of clothing and footwear (9.4%), fuel and light (7.52%), miscellaneous (7.02%), housing (3.38%) and pan and tobacco (2.98%). The inflation stayed above the 2% to 6% tolerance limit of the central bank for a third month in a row but the full effect of crude oil price rises will be seen in April only as the government delayed the pass-through of energy prices to consumers. The Reserve Bank of India recently revised upwards its inflation forecast to 5.7% for FY 2022-2023 from 5.3%, citing surging commodity prices.
2022-04-12