Consumer prices in India rose 2.57 percent year-on-year in February of 2019, following a downwardly revised 1.97 percent rise in January and above market expectations of 2.43 percent. It is the highest inflation rate in four months as food prices fell less. In its February meeting, the Reserve Bank of India lowered its inflation forecasts to 2.8 percent for January-March 2019, mentioning a deflation in food items and a sharp fall in fuel inflation. Inflation Rate in India averaged 6.22 percent from 2012 until 2019, 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.

Inflation Rate in India is expected to be 2.80 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 4.20 in 12 months time. In the long-term, the India Inflation Rate is projected to trend around 4.50 percent in 2020, according to our econometric models.

India Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-12 12:00 PM Inflation Rate YoY 2.33% 3.38% 2.8% 3%
2019-01-14 12:00 PM Inflation Rate YoY 2.19% 2.33% 2.2% 2.2%
2019-02-12 12:00 PM Inflation Rate YoY 2.05% 2.11% 2.48% 2.6%
2019-03-12 12:00 PM Inflation Rate YoY 2.57% 1.97% 2.43% 2.5%
2019-04-12 12:00 PM Inflation Rate YoY 2.57% 2.8%
2019-05-13 12:00 PM Inflation Rate YoY 2.9%
2019-06-12 12:00 PM Inflation Rate YoY 3.3%



India Inflation Rate at 4-Month High of 2.57%

Consumer prices in India rose 2.57 percent year-on-year in February of 2019, following a downwardly revised 1.97 percent rise in January and above market expectations of 2.43 percent. It is the highest inflation rate in four months as food prices fell less. In its February meeting, the Reserve Bank of India lowered its inflation forecasts to 2.8 percent for January-March 2019, mentioning a deflation in food items and a sharp fall in fuel inflation.

Prices of food and beverages declined 0.07 percent and the food index alone dropped 0.66 percent. Prices went down for vegetables (-7.69 percent), sugar and confectionery (-6.92 percent), fruits (-4.62 percent) and pulses and products (-3.82 percent) but rose sharply for meat and fish (5.92 percent). 

Among non-food products, prices increased for miscellaneous (6.02 percent); pan, tobacco and intoxicants (5.49 percent); housing (5.1 percent); clothing and footwear (2.73 percent); and fuel and light (1.24 percent).

The corresponding provisional inflation rates for rural and urban areas were 1.81 percent and 3.43 percent, compared with January's figures of 1.22 percent and 2.91 percent respectively.

On a monthly basis, consumer prices went up 0.2 percent, after dropping a downwardly revised 0.14 percent in January.


Joana Taborda | joana.taborda@tradingeconomics.com
3/12/2019 1:11:34 PM



India Prices Last Previous Highest Lowest Unit
Inflation Rate 2.57 1.97 12.17 1.54 percent [+]
Consumer Price Index CPI 139.60 139.90 140.80 86.81 Index Points [+]
GDP Deflator 135.10 128.80 146.50 100.00 Index Points [+]
Producer Prices 119.50 119.20 121.80 62.44 Index Points [+]
Producer Prices Change 2.93 2.76 34.68 -11.31 percent [+]
Export Prices 376.00 372.00 376.00 100.00 Index Points [+]
Import Prices 513.00 523.00 523.00 100.00 Index Points [+]
Food Inflation -0.66 -2.17 14.72 -2.61 percent [+]
Inflation Expectations 8.50 9.80 16.00 8.00 percent [+]
Inflation Rate Mom 0.21 -0.14 2.25 -1.55 percent [+]
Cpi Housing Utilities 148.50 147.70 148.50 100.30 Index Points [+]
CPI Transportation 123.90 123.30 126.90 103.20 Index Points [+]


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. This page provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Inflation Rate - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.57 1.97 12.17 1.54 2012 - 2019 percent Monthly
2012=100




Country Last Previous
Argentina 50.70 Feb/19
Australia 1.80 Dec/18
Brazil 3.89 Feb/19
Canada 1.50 Feb/19
China 1.50 Feb/19
Euro Area 1.50 Feb/19
France 1.30 Feb/19
Germany 1.50 Feb/19
India 2.57 Feb/19
Indonesia 2.57 Feb/19
Italy 1.00 Feb/19
Japan 0.20 Feb/19
Mexico 3.94 Feb/19
Netherlands 2.60 Feb/19
Russia 5.20 Feb/19
Saudi Arabia -2.20 Feb/19
Singapore 0.50 Feb/19
South Africa 4.10 Feb/19
South Korea 0.50 Feb/19
Spain 1.10 Feb/19
Switzerland 0.60 Feb/19
Turkey 19.67 Feb/19
United Kingdom 1.90 Feb/19
United States 1.50 Feb/19


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