Food inflation in India slowed to 1.89 percent in January of 2021 from 3.41 percent in December. It is the lowest reading since April of 2019, mainly due to a 15.84 percent slump in vegetables prices. In contrast, cost of pulses jumped 13.39 percent. source: Ministry of Statistics and Programme Implementation (MOSPI)
Food Inflation in India averaged 6.10 percent from 2012 until 2021, reaching an all time high of 14.72 percent in November of 2013 and a record low of -2.65 percent in December of 2018. This page provides - India Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Food Inflation - values, historical data and charts - was last updated on February of 2021.
Food Inflation in India is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in India to stand at 5.30 in 12 months time. In the long-term, the India Food Inflation is projected to trend around 5.30 percent in 2022 and 4.30 percent in 2023, according to our econometric models.