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.