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. 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 May of 2021.
Inflation Rate in India is expected to be 5.00 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 4.20 in 12 months time. In the long-term, the India Inflation Rate is projected to trend around 4.10 percent in 2022 and 3.60 percent in 2023, according to our econometric models.