Annual consumer inflation in India fell to 3.31 percent in October of 2018 from a downwardly revised 3.7 percent in September and below market expectations of 3.67 percent. It is the lowest inflation rate since September of 2017, mainly due to a drop in cost of food. Inflation Rate in India averaged 6.42 percent from 2012 until 2018, 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.

India Inflation Rate
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



India Inflation Rate Lowest in Near 1 Year


Annual consumer inflation in India fell to 3.31 percent in October of 2018 from a downwardly revised 3.7 percent in September and below market expectations of 3.67 percent. It is the lowest inflation rate since September of 2017, mainly due to a drop in cost of food.

Prices of food and beverages declined 0.14 percent, following a 1.08 percent rise in September and the food index alone dropped 0.86 percent, after a 0.51 percent gain in the previous month. It is the biggest fall in food cost since June of 2017. Prices went down for vegetables (-8.06 percent), pulses and products (-10.28 percent) and sugar and confectionery (-7.64 percent) but rose slightly for fruits (0.35 percent).
 
Among non-food products, prices increased for pan, tobacco and intoxicants (6.13 percent); clothing and footwear (3.55 percent); housing (6.55 percent); fuel and light (8.55 percent); and miscellaneous (6.73 percent).
 
The corresponding provisional inflation rates for rural and urban areas were 2.82 percent and 3.97 percent, compared with September's figures of 3.27 percent and 4.31 percent respectively.
 
On a monthly basis, consumer prices rose 0.29 percent.


Joana Taborda | joana.taborda@tradingeconomics.com
11/12/2018 12:33:45 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-09-12 12:00 PM Inflation Rate YoY 3.69% 4.17% 3.86% 4%
2018-10-12 12:00 PM Inflation Rate YoY 3.77% 3.69% 4% 4.1%
2018-11-12 12:00 PM Inflation Rate YoY 3.31% 3.7% 3.67% 3.7%
2018-12-14 12:00 PM Inflation Rate YoY 3.31% 3.6%


India Prices Last Previous Highest Lowest Unit
Inflation Rate 3.31 3.70 12.17 1.54 percent [+]
Consumer Price Index CPI 140.60 140.20 140.60 86.81 Index Points [+]
GDP Deflator 128.80 125.10 146.50 100.00 Index Points [+]
Producer Prices 121.70 120.80 121.70 62.44 Index Points [+]
Producer Prices Change 5.28 5.13 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 -0.86 0.51 14.72 -2.12 percent [+]
Inflation Rate Mom 0.29 -0.14 2.25 -1.55 percent [+]
Cpi Housing Utilities 146.30 145.30 146.30 100.30 Index Points [+]
CPI Transportation 126.90 125.90 126.90 103.20 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.31 3.70 12.17 1.54 2012 - 2018 percent Monthly
2012=100




Country Last
Argentina 40.30 Sep/18
Australia 1.90 Sep/18
Brazil 4.56 Oct/18
Canada 2.20 Sep/18
China 2.50 Oct/18
Euro Area 2.20 Oct/18
France 2.20 Oct/18
Germany 2.50 Oct/18
India 3.31 Oct/18
Indonesia 3.16 Oct/18
Italy 1.60 Oct/18
Japan 1.20 Sep/18
Mexico 4.90 Oct/18
Netherlands 2.10 Oct/18
Russia 3.50 Oct/18
Saudi Arabia 2.10 Sep/18
Singapore 0.70 Sep/18
South Africa 4.90 Sep/18
South Korea 2.00 Oct/18
Spain 2.30 Oct/18
Switzerland 1.10 Oct/18
Turkey 25.24 Oct/18
United Kingdom 2.40 Oct/18
United States 2.50 Oct/18


Related

Latest