Retail price inflation in India edged up to 5.52 percent in March of 2021, the highest in 4 months from 5.03 percent in February and above market forecasts of 5.4 percent mostly due to higher commodity prices and economic recovery. Still, It is the fourth consecutive month that inflation remains below the Reserve Bank of India’s upper margin of 6 percent. Food inflation accelerated for the second month to 4.94 percent from 3.87 percent with the cost of pulses jumping 13.25 percent and the cost of vegetables felling at a slower 4.83 percent. Cost also accelerated for fuel and light (4.5 percent vs 3.53 percent); clothing and footwear (4.41 percent vs 4.21 percent); housing (3.5 percent vs 3.23 percent) and miscellaneous (6.82 percent vs 6.49 percent); but eased for pan, tobacco and intoxicants (9.81 percent vs 10.7 percent). source: Ministry of Statistics and Programme Implementation (MOSPI)
Inflation Rate in India averaged 6.03 percent from 2012 until 2021, 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 April of 2021.
Inflation Rate in India is expected to be 5.00 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 4.10 percent in 2022 and 3.60 percent in 2023, according to our econometric models.