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.