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.