Consumer Price Index CPI in India increased to 150.40 points in December from 148.60 points in November of 2019. Consumer Price Index CPI in India averaged 120.66 points from 2011 until 2019, reaching an all time high of 150.40 points in December of 2019 and a record low of 86.81 points in February of 2011. source: Ministry of Statistics and Programme Implementation (MOSPI)
Consumer Price Index CPI in India is expected to be 149.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Price Index CPI in India to stand at 158.22 in 12 months time. In the long-term, the India Consumer Price Index (CPI) is projected to trend around 172.78 points in 2020, according to our econometric models.
India Consumer Price Index (CPI)
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.