Consumer prices in India increased 6.69 percent year-on-year in August of 2020, following a downwardly revised 6.73 percent rise in the previous month and below market forecasts of 6.85 percent. Still, the inflation remains above the central bank upper band 2 percent-6 percent target range. A slowdown was seen for food (9.05 percent v s 9.27 percent). Prices of vegetables went up 11.41 percent, pulses 14.44 percent, cereals 5.92 percent, meat and fish 16.5 percent and sugar 3.93 percent. Other increases were recorded for fuel and light (3.1 percent), clothing and footwear (2.77 percent), transport (11.1 percent) and education (1.61 percent).

Inflation Rate in India averaged 6.04 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 October of 2020. source: Ministry of Statistics and Programme Implementation (MOSPI)

Inflation Rate in India is expected to be 6.80 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 5.00 in 12 months time. In the long-term, the India Inflation Rate is projected to trend around 4.50 percent in 2021 and 4.10 percent in 2022, according to our econometric models.

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India Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.69 6.73 12.17 1.54 2012 - 2020 percent Monthly
2012=100


Calendar GMT Actual Previous Consensus TEForecast
2020-04-13 12:00 PM Mar 5.91% 6.58% 5.93% 5.9%
2020-07-13 12:00 PM Jun 6.09% 5.91% 5.3% 5.1%
2020-08-13 12:00 PM Jul 6.93% 6.23% 6.15% 6.2%
2020-09-14 12:00 PM Aug 6.69% 6.73% 6.85% 6.8%
2020-10-12 12:00 PM Sep 6.69% 6.88% 6.9%
2020-11-12 12:00 PM Oct
2020-12-11 12:00 PM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
India Inflation Rate Lower than Expected at 6.69%
Consumer prices in India increased 6.69 percent year-on-year in August of 2020, following a downwardly revised 6.73 percent rise in the previous month and below market forecasts of 6.85 percent. Still, the inflation remains above the central bank upper band 2 percent-6 percent target range. A slowdown was seen for food (9.05 percent v s 9.27 percent). Prices of vegetables went up 11.41 percent, pulses 14.44 percent, cereals 5.92 percent, meat and fish 16.5 percent and sugar 3.93 percent. Other increases were recorded for fuel and light (3.1 percent), clothing and footwear (2.77 percent), transport (11.1 percent) and education (1.61 percent).
2020-09-14
India Inflation Rate Above Forecasts in July
India's retail price inflation climbed to 6.93 percent year-on-year in July 2020 from an upwardly revised 6.23 percent in the previous month and easily beating market expectations of 6.15 percent. The reading remained also above the Reserve Bank of India's medium-term target of 4 percent, as food prices continued to soar (9.62 percent vs 8.72 percent in June) due to disrupted supply chains. Additional upward pressure came from pan, tobacco and intoxicants (12.35 percent), housing (3.25 percent), clothing and footwear (2.91 percent), fuel and light (2.80 percent), and miscellaneous (6.95 percent) mainly boosted by personal care and effects (13.63 percent) and transport and communication (9.95 percent).
2020-08-13
India Inflation Rate Rises More than Expected
Consumer prices in India increased 6.09% year-on-year in June of 2020, well above market forecasts of 5.3%. Biggest increases were seen in cost of pan and tobacco (9.7%), food and beverages (7.29%), miscellaneous (5.7%), housing (3.55%), clothing and footwear (3.53%) and fuel and light (2.69%). The food alone index increased 7.87%, the least in eight months. Within food, the biggest rises were seen for cost of pulses (16.68%), meat and fish (16.22%) and spices (11.74%) while prices of fruits fell 0.68% and cost of vegetables rose 1.86% only. Figures for April and May of 2020 were released only with the June ones, as visits to collect the data were suspended from March 19th due to the coronavirus lockdown. India first imposed a coronavirus lockdown in late March and has extended it several times as the number of infections is spiking.
2020-07-13
India March Inflation Rate Revised Lower
India's retail price inflation was revised lower to 5.84 percent year-on-year in March 2020, from a preliminary estimate of 5.91 percent. That was the lowest rate since last November, as prices rose at a softer pace for food & beverages and miscellaneous, while inflation was virtually unchanged for clothing & footwear. Meanwhile, cost advanced faster for fuel & light and pan, tobacco & intoxicants. India's government did not release headline retail inflation figures for the month of April as the country has been under lockdown amid efforts to contain the spread of the COVID-19 pandemic. The ministry of statistics said data are usually collected from 1,114 urban markets and 1,181 villages through personal visits, which have been suspended since March 19th.
2020-05-12

India Inflation Rate
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. 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.