The annual retail inflation rate in India increased to 4.48% in October of 2021 from 4.35% in September and slightly higher than market forecasts of 4.32% on the uptick in food prices. Food inflation went up to 0.85% from 0.68% despite the cost of vegetables falling 19.43%. Also, major price increases were recorded for oils and fats (33.5%); fuel and light (14.35%); non-alcoholic beverages (11.4%); transport and communication (10.9%); health (7.57%); and clothing and footwear (7.53%). Still, it was the fourth consecutive month inflation stayed within the RBI's target range of 2%-6%, leaving the central bank room for now to keep interest rates steady. source: Ministry of Statistics and Programme Implementation (MOSPI)
Inflation Rate in India averaged 5.98 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 November 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. In the long-term, the India Inflation Rate is projected to trend around 5.10 percent in 2022 and 4.60 percent in 2023, according to our econometric models.