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.