India's retail price inflation dropped to 4.59 percent year-on-year in December 2020, the lowest in 15 months, from 6.93 percent in November and below market expectations of 5.28 percent. It is the first time since March that prices remain within the central bank's 2-6 percent target range mainly due to a slowdown in the cost of food (3.41 percent vs 9.50 percent). Miscellaneous price inflation also eased to 6.60 percent from 6.94 percent. Meanwhile, prices rose at a faster pace for pan, tobacco and intoxicants (10.74 percent vs 10.36 percent), housing (3.21 percent vs 3.19 percent), fuel and light (2.99 percent vs 1.90 percent), and clothing and footwear (3.49 percent vs 3.30 percent). On a monthly basis, consumer prices declined 1 percent, the first monthly drop since May. source: Ministry of Statistics and Programme Implementation (MOSPI)
Inflation Rate in India averaged 6.06 percent from 2012 until 2020, 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 January of 2021.
Inflation Rate in India is expected to be 6.20 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 4.50 in 12 months time. In the long-term, the India Inflation Rate is projected to trend around 4.10 percent in 2022, according to our econometric models.