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.
Inflation Rate in India averaged 6.01 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 May of 2020. source: Ministry of Statistics and Programme Implementation (MOSPI)
Inflation Rate in India is expected to be 4.50 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 5.20 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.