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. source: Ministry of Statistics and Programme Implementation (MOSPI)

Inflation Rate in India averaged 6.02 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 July 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. Looking forward, we estimate Inflation Rate in India to stand at 4.80 in 12 months time. In the long-term, the India Inflation Rate is projected to trend around 4.20 percent in 2022 and 3.60 percent in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
India Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.26 6.30 12.17 1.54 2012 - 2021 percent Monthly
2012=100


Calendar GMT Actual Previous Consensus TEForecast
2021-04-12 12:00 PM Mar 5.52% 5.03% 5.4% 5.5%
2021-05-12 12:00 PM Apr 4.29% 5.52% 4.2% 4.5%
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 6.26% 6.3%
2021-09-13 12:00 PM Aug
2021-10-12 12:00 PM Sep 5.4%
2021-11-12 12:00 PM Oct


News Stream
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 at 3-Month Low
Annual inflation rate in India eased to 4.29 percent in April of 2021, the lowest reading in three months from 5.52 percent in March. Figures came in line with forecasts of 4.2 percent. Food inflation slowed sharply to 2.02 percent from 4.94 percent, mainly due to pulses (7.51 percent vs 13.25 percent) and a bigger fall in cost of vegetables (-14.18 percent vs -4.83 percent). Cost also eased for clothing and footwear (3.49 percent vs 4.41 percent), miscellaneous (6.19 percent vs 6.82 percent) and pan, tobacco and intoxicants (9.1 percent vs 9.81 percent) but accelerated for fuel and light (7.91 percent vs 4.5 percent) and housing (3.73 percent vs 3.5 percent). India’s future inflation trajectory will be shaped by the course of the Covid-19 pandemic, but global commodity price-driven pressures remain a concern, RBI Governor Shaktikanta Das said last week.
2021-05-12
India Inflation Rate Rises More than Expected
Retail price inflation in India edged up to 5.52 percent in March of 2021, the highest in 4 months from 5.03 percent in February and above market forecasts of 5.4 percent mostly due to higher commodity prices and economic recovery. Still, It is the fourth consecutive month that inflation remains below the Reserve Bank of India’s upper margin of 6 percent. Food inflation accelerated for the second month to 4.94 percent from 3.87 percent with the cost of pulses jumping 13.25 percent and the cost of vegetables felling at a slower 4.83 percent. Cost also accelerated for fuel and light (4.5 percent vs 3.53 percent); clothing and footwear (4.41 percent vs 4.21 percent); housing (3.5 percent vs 3.23 percent) and miscellaneous (6.82 percent vs 6.49 percent); but eased for pan, tobacco and intoxicants (9.81 percent vs 10.7 percent).
2021-04-12

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.