The annual retail inflation rate in India increased to 4.48% in October of 2021 from 4.35% in September and slightly higher than market forecasts of 4.32% on the uptick in food prices. Food inflation went up to 0.85% from 0.68% despite the cost of vegetables falling 19.43%. Also, major price increases were recorded for oils and fats (33.5%); fuel and light (14.35%); non-alcoholic beverages (11.4%); transport and communication (10.9%); health (7.57%); and clothing and footwear (7.53%). Still, it was the fourth consecutive month inflation stayed within the RBI's target range of 2%-6%, leaving the central bank room for now to keep interest rates steady. source: Ministry of Statistics and Programme Implementation (MOSPI)

Inflation Rate in India averaged 5.98 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 November 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. 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.

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India Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-12 12:00 PM Sep 4.35% 5.3% 4.5% 4.7%
2021-11-12 12:00 PM Oct 4.48% 4.35% 4.32% 4.4%
2021-12-10 12:00 PM Nov 4.48%


Related Last Previous Unit Reference
Inflation Rate 4.48 4.35 percent Oct/21
Consumer Price Index CPI 165.50 163.20 points Oct/21
GDP Deflator 146.10 138.80 points Dec/21
Food Inflation 0.85 0.68 percent Oct/21
Inflation Rate Mom 1.41 0.18 percent Oct/21
CPI Transportation 155.70 154.00 points Oct/21
CPI Housing Utilities 163.60 162.10 points Oct/21

News Stream
India Inflation Rate Rises Slightly More than Expected
The annual retail inflation rate in India increased to 4.48% in October of 2021 from 4.35% in September and slightly higher than market forecasts of 4.32% on the uptick in food prices. Food inflation went up to 0.85% from 0.68% despite the cost of vegetables falling 19.43%. Also, major price increases were recorded for oils and fats (33.5%); fuel and light (14.35%); non-alcoholic beverages (11.4%); transport and communication (10.9%); health (7.57%); and clothing and footwear (7.53%). Still, it was the fourth consecutive month inflation stayed within the RBI's target range of 2%-6%, leaving the central bank room for now to keep interest rates steady.
2021-11-12
India Inflation Rate Down to 5-Month Low
India's retail price inflation rate eased to 4.35 percent in September of 2021 from 5.3 percent in August and below market forecasts of 4.5 percent. It is the lowest reading in five months, remaining within the RBI's 2-6 percent target range for the third month in a row, amid a favourable comparison with last year when prices surged 10.68 percent. Inflation slowed for food (0.68 percent vs 3.11 percent, the lowest since March of 2019), mainly due to falls in cost of vegetables (-22.47 percent). Lower increases were also seen for miscellaneous (6.38 percent vs 6.4 percent), including transport and communication (9.53 percent vs 10.24 percent); and housing (3.58 percent vs 3.9 percent). Meanwhile, inflation picked up for fuel and light (13.63 percent vs 12.95 percent) and clothing and footwear (7.16 percent vs 6.84 percent).
2021-10-12
India Inflation Rate Slows More than Forecast
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).
2021-09-13

India Inflation Rate
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. In 2013, the consumer price index replaced the wholesale price index (WPI) as a main measure of inflation.