Annual consumer inflation rate in India increased to 6.3 percent in May of 2021, the highest in 6 months, from a downwardly revised 4.23 percent in April. Figures came well above market forecasts of 5.3 percent, as higher global commodity prices including including crude, edible oils and gold weighed. Food inflation jumped to 5.01 percent, with oils and fats (30.84 percent), non-alcoholic beverages (15.1 percent), fruits (11.98 percent) and pulses (9.39 percent) recording the biggest increases. Additional upward pressure came from cost of fuel and light (11.58 percent); pan, tobacco and intoxicants (10 percent); miscellaneous (7.52 percent); clothing and footwear (5.32 percent); and housing (3.86 percent). The Reserve Bank of India estimates an average inflation rate of 5.1 percent for the current financial year. source: Ministry of Statistics and Programme Implementation (MOSPI)
Inflation Rate in India averaged 6.02 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 June of 2021.
Inflation Rate in India is expected to be 5.20 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 5.30 in 12 months time. In the long-term, the India Inflation Rate is projected to trend around 4.20 percent in 2022 and 3.60 percent in 2023, according to our econometric models.