The statistic shows the inflation rate in India from 1987 to 2023, with projections up until 2029. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2023, the inflation rate in India was around 5.36 percent compared to the previous year. See figures on India's economic growth for additional information. India's inflation rate and economy Inflation is generally defined as the increase of prices of goods and services over a certain period of time, as opposed to deflation, which describes a decrease of these prices. Inflation is a significant economic indicator for a country. The inflation rate is the rate at which the general rise in the level of prices, goods and services in an economy occurs and how it affects the cost of living of those living in a particular country. It influences the interest rates paid on savings and mortgage rates but also has a bearing on levels of state pensions and benefits received. A 4 percent increase in the rate of inflation in 2011 for example would mean an individual would need to spend 4 percent more on the goods he was purchasing than he would have done in 2010. India’s inflation rate has been on the rise over the last decade. However, it has been decreasing slightly since 2010. India’s economy, however, has been doing quite well, with its GDP increasing steadily for years, and its national debt decreasing. The budget balance in relation to GDP is not looking too good, with the state deficit amounting to more than 9 percent of GDP.

Inflation is generally defined as the continued increase in the average prices of goods and services in a given region. Following the extremely high global inflation experienced in the 1980s and 1990s, global inflation has been relatively stable since the turn of the millennium, usually hovering between three and five percent per year. There was a sharp increase in 2008 due to the global financial crisis now known as the Great Recession, but inflation was fairly stable throughout the 2010s, before the current inflation crisis began in 2021. Recent years Despite the economic impact of the coronavirus pandemic, the global inflation rate fell to 3.26 percent in the pandemic's first year, before rising to 4.66 percent in 2021. This increase came as the impact of supply chain delays began to take more of an effect on consumer prices, before the Russia-Ukraine war exacerbated this further. A series of compounding issues such as rising energy and food prices, fiscal instability in the wake of the pandemic, and consumer insecurity have created a new global recession, and global inflation in 2024 is estimated to have reached 5.76 percent. This is the highest annual increase in inflation since 1996. Venezuela Venezuela is the country with the highest individual inflation rate in the world, forecast at around 200 percent in 2022. While this is figure is over 100 times larger than the global average in most years, it actually marks a decrease in Venezuela's inflation rate, which had peaked at over 65,000 percent in 2018. Between 2016 and 2021, Venezuela experienced hyperinflation due to the government's excessive spending and printing of money in an attempt to curve its already-high inflation rate, and the wave of migrants that left the country resulted in one of the largest refugee crises in recent years. In addition to its economic problems, political instability and foreign sanctions pose further long-term problems for Venezuela. While hyperinflation may be coming to an end, it remains to be seen how much of an impact this will have on the economy, how living standards will change, and how many refugees may return in the coming years.

Inflation Rate in Pakistan decreased to 1.50 percent in February from 2.40 percent in January of 2025. This dataset provides the latest reported value for - Pakistan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

India IESH: RBI: Price Expectations: Non Food : One Year Ahead: Price Increase Less than Curent Rate data was reported at 5.200 % in Sep 2018. This records a decrease from the previous number of 7.600 % for Jun 2018. India IESH: RBI: Price Expectations: Non Food : One Year Ahead: Price Increase Less than Curent Rate data is updated monthly, averaging 9.700 % from Sep 2008 (Median) to Sep 2018, with 45 observations. The data reached an all-time high of 26.300 % in Sep 2015 and a record low of 1.700 % in Sep 2013. India IESH: RBI: Price Expectations: Non Food : One Year Ahead: Price Increase Less than Curent Rate data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Business and Economic Survey – Table IN.SC008: Inflation Expectations Survey of Households (IESH): Reserve Bank of India: Price Expectations: Non Food.

India IESH: RBI: Price Expectations: Non Food : Three Months Ahead: Price Increase More than Current Rate data was reported at 47.500 % in Sep 2018. This records an increase from the previous number of 44.500 % for Jun 2018. India IESH: RBI: Price Expectations: Non Food : Three Months Ahead: Price Increase More than Current Rate data is updated monthly, averaging 47.100 % from Sep 2008 (Median) to Sep 2018, with 45 observations. The data reached an all-time high of 72.600 % in Jun 2012 and a record low of 21.200 % in Dec 2014. India IESH: RBI: Price Expectations: Non Food : Three Months Ahead: Price Increase More than Current Rate data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Business and Economic Survey – Table IN.SC008: Inflation Expectations Survey of Households (IESH): Reserve Bank of India: Price Expectations: Non Food.

India IESH: RBI: Price Expectations: General: Three Months Ahead: Price Increase More than Current Rate data was reported at 47.400 % in Nov 2018. This records a decrease from the previous number of 49.100 % for Sep 2018. India IESH: RBI: Price Expectations: General: Three Months Ahead: Price Increase More than Current Rate data is updated monthly, averaging 52.050 % from Sep 2008 (Median) to Nov 2018, with 46 observations. The data reached an all-time high of 83.600 % in Jun 2012 and a record low of 25.700 % in Dec 2014. India IESH: RBI: Price Expectations: General: Three Months Ahead: Price Increase More than Current Rate data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Business and Economic Survey – Table IN.SC006: Inflation Expectations Survey of Households (IESH): Reserve Bank of India: Price Expectations: General.

India IESH: RBI: Price Expectations: Household Durables: Three Months Ahead: Price Increase Less than Curent Rate data was reported at 4.700 % in Sep 2018. This records a decrease from the previous number of 7.100 % for Jun 2018. India IESH: RBI: Price Expectations: Household Durables: Three Months Ahead: Price Increase Less than Curent Rate data is updated monthly, averaging 13.600 % from Sep 2008 (Median) to Sep 2018, with 45 observations. The data reached an all-time high of 25.200 % in Mar 2009 and a record low of 1.200 % in Sep 2013. India IESH: RBI: Price Expectations: Household Durables: Three Months Ahead: Price Increase Less than Curent Rate data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Business and Economic Survey – Table IN.SC009: Inflation Expectations Survey of Households (IESH): Reserve Bank of India: Price Expectations: Household Durables.

Since 2000, China has generally had the most stable inflation rate of the BRICS bloc, with annual change fluctuating between negative one and six percent. In contrast, Russia's inflation rates reached the highest levels in the past two decades, particularly in the early 2000s, during the financial crisis of 2008, and after 2014 when its economy was affected by the drop in international oil prices and the sanctions imposed for the annexation of Crimea.

The benchmark interest rate in India was last recorded at 6.25 percent. This dataset provides - India Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

India IESH: RBI: Price Expectations: Non Food : Three Months Ahead: Price Increase Less than Curent Rate data was reported at 6.100 % in Sep 2018. This records a decrease from the previous number of 9.300 % for Jun 2018. India IESH: RBI: Price Expectations: Non Food : Three Months Ahead: Price Increase Less than Curent Rate data is updated monthly, averaging 9.700 % from Sep 2008 (Median) to Sep 2018, with 45 observations. The data reached an all-time high of 23.500 % in Sep 2015 and a record low of 1.200 % in Sep 2013. India IESH: RBI: Price Expectations: Non Food : Three Months Ahead: Price Increase Less than Curent Rate data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Business and Economic Survey – Table IN.SC008: Inflation Expectations Survey of Households (IESH): Reserve Bank of India: Price Expectations: Non Food.

The statistic shows the average inflation rate in Canada from 1987 to 2023, with projections up until 2029. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2022, the average inflation rate in Canada was approximately 6.8 percent compared to the previous year. For comparison, inflation in India amounted to 5.56 percent that same year.

Inflation in Canada

In general, the inflation rate in Canada follows a global trend of decreasing inflation rates since 2011, with the lowest slump expected to occur during 2015, but forecasts show an increase over the following few years. Additionally, Canada's inflation rate is in quite good shape compared to the rest of the world. While oil and gas prices have dropped in Canada much like they have around the world, food and housing prices in Canada have been increasing. This has helped to offset some of the impact of dropping oil and gas prices and the effect this has had on Canada´s inflation rate.

The annual consumer price index of food and non-alcoholic beverages in Canada has been steadily increasing over the last decade. The same is true for housing and other price indexes for the country. In general there is some confidence that the inflation rate will not stay this low for long, it is expected to return to a comfortable 2 percent by 2017 if estimates are correct.

India IESH: RBI: Price Expectations: Household Durables: One Year Ahead: Price Increase Similar to Current Rate data was reported at 22.000 % in Sep 2018. This records an increase from the previous number of 21.800 % for Jun 2018. India IESH: RBI: Price Expectations: Household Durables: One Year Ahead: Price Increase Similar to Current Rate data is updated monthly, averaging 23.800 % from Sep 2008 (Median) to Sep 2018, with 45 observations. The data reached an all-time high of 32.500 % in Dec 2010 and a record low of 10.700 % in Sep 2013. India IESH: RBI: Price Expectations: Household Durables: One Year Ahead: Price Increase Similar to Current Rate data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Business and Economic Survey – Table IN.SC009: Inflation Expectations Survey of Households (IESH): Reserve Bank of India: Price Expectations: Household Durables.

India IESH: RBI: Price Expectations: Housing: One Year Ahead: Price Increase Less than Curent Rate data was reported at 4.300 % in Nov 2018. This records an increase from the previous number of 4.000 % for Sep 2018. India IESH: RBI: Price Expectations: Housing: One Year Ahead: Price Increase Less than Curent Rate data is updated monthly, averaging 7.050 % from Sep 2008 (Median) to Nov 2018, with 46 observations. The data reached an all-time high of 17.900 % in Sep 2015 and a record low of 0.800 % in Sep 2013. India IESH: RBI: Price Expectations: Housing: One Year Ahead: Price Increase Less than Curent Rate data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Business and Economic Survey – Table IN.SC010: Inflation Expectations Survey of Households (IESH): Reserve Bank of India: Price Expectations: Housing.

IESH: RBI: Price Expectations: Cost of Services: One Year Ahead: Price Increase Less than Curent Rate在2018-11达5.400 %，相较于2018-09的5.000 %有所增长。IESH: RBI: Price Expectations: Cost of Services: One Year Ahead: Price Increase Less than Curent Rate数据按月度更新，2008-09至2018-11期间平均值为9.550 %，共46份观测结果。该数据的历史最高值出现于2015-09，达24.600 %，而历史最低值则出现于2013-09，为2.200 %。CEIC提供的IESH: RBI: Price Expectations: Cost of Services: One Year Ahead: Price Increase Less than Curent Rate数据处于定期更新的状态，数据来源于Reserve Bank of India，数据归类于India Premium Database的Business and Economic Survey – Table IN.SC011: Inflation Expectations Survey of Households (IESH): Reserve Bank of India: Price Expectations: Cost of Services。

The statistic shows the growth of the real gross domestic product (GDP) in India from 2019 to 2024, with projections up until 2029. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2024, India's real gross domestic product growth was at about 7.02 percent compared to the previous year. Gross domestic product (GDP) growth rate in India Recent years have witnessed a shift of economic power and attention to the strengthening economies of the BRIC countries: Brazil, Russia, India, and China. The growth rate of gross domestic product in the BRIC countries is overwhelmingly larger than in traditionally strong economies, such as the United States and Germany. While the United States can claim the title of the largest economy in the world by almost any measure, China nabs the second-largest share of global GDP, with India racing Japan for third-largest position. Despite the world-wide recession in 2008 and 2009, India still managed to record impressive GDP growth rates, especially when most of the world recorded negative growth in at least one of those years. Part of the reason for India’s success is the economic liberalization that started in 1991and encouraged trade subsequently ending some public monopolies. GDP growth has slowed in recent years, due in part to skyrocketing inflation. India’s workforce is expanding in the industry and services sectors, growing partially because of international outsourcing — a profitable venture for the Indian economy. The agriculture sector in India is still a global power, producing more wheat or tea than anyone in the world except for China. However, with the mechanization of a lot of processes and the rapidly growing population, India’s unemployment rate remains relatively high.

IESH: RBI: Price Expectations: Food: One Year Ahead: Price Increase Similar to Current Rate在2018-09达27.000 %，相较于2018-06的26.500 %有所增长。IESH: RBI: Price Expectations: Food: One Year Ahead: Price Increase Similar to Current Rate数据按月度更新，2008-09至2018-09期间平均值为21.300 %，共45份观测结果。该数据的历史最高值出现于2016-03，达32.800 %，而历史最低值则出现于2012-09，为9.900 %。CEIC提供的IESH: RBI: Price Expectations: Food: One Year Ahead: Price Increase Similar to Current Rate数据处于定期更新的状态，数据来源于Reserve Bank of India，数据归类于India Premium Database的Business and Economic Survey – Table IN.SC007: Inflation Expectations Survey of Households (IESH): Reserve Bank of India: Price Expectations: Food。

The statistic lists the 20 countries with the lowest inflation rate in 2023. In 2023, China ranked 5th with a inflation rate of about 0.23 percent compared to the previous year. Inflation rates and the financial crisis Due to relatively stagnant worker wages as well as a hesitation from banks to so easily distribute loans to the ordinary citizen, inflation has remained considerably low. Low inflation rates are most apparent in European countries, which stems from the on-going Eurozone debt crisis as well as from the global financial crisis of 2008. With continuous economical struggles and a currently sensitive economic situation throughout Europe, precautions were taken in order to maintain stability and to prevent consequential breakdowns, such as those in Greece and Spain. Additionally, the average European consumer had to endure financial setbacks, causing doubt in the general future of the entire European Union, as evident in the consumer confidence statistics, which in turn raised the question, if several handpicked countries should step out of the EU in order to improve its economic position. Greece, while perhaps experiencing the largest economic drought out of all European countries, improved on its inflation rate. The situation within the country is slowly improving itself as a result of a recent bailout as well as economic stimulus packages issued by the European Union. Furthermore, the Greek government managed its revenues and expenses more competently in comparison to the prime of the global and the Greek financial crisis, with annual expenses only slightly exceeding yearly revenues.

IESH: RBI: Price Expectations: Food: One Year Ahead: Price Increase Less than Curent Rate在2018-09达5.300 %，相较于2018-06的7.100 %有所下降。IESH: RBI: Price Expectations: Food: One Year Ahead: Price Increase Less than Curent Rate数据按月度更新，2008-09至2018-09期间平均值为8.700 %，共45份观测结果。该数据的历史最高值出现于2015-09，达22.600 %，而历史最低值则出现于2013-09，为2.700 %。CEIC提供的IESH: RBI: Price Expectations: Food: One Year Ahead: Price Increase Less than Curent Rate数据处于定期更新的状态，数据来源于Reserve Bank of India，数据归类于India Premium Database的Business and Economic Survey – Table IN.SC007: Inflation Expectations Survey of Households (IESH): Reserve Bank of India: Price Expectations: Food。

IESH: RBI: Price Expectations: Non Food : One Year Ahead: Price Increase Similar to Current Rate在2018-09达26.100 %，相较于2018-06的26.600 %有所下降。IESH: RBI: Price Expectations: Non Food : One Year Ahead: Price Increase Similar to Current Rate数据按月度更新，2008-09至2018-09期间平均值为24.900 %，共45份观测结果。该数据的历史最高值出现于2016-03，达32.100 %，而历史最低值则出现于2013-09，为11.400 %。CEIC提供的IESH: RBI: Price Expectations: Non Food : One Year Ahead: Price Increase Similar to Current Rate数据处于定期更新的状态，数据来源于Reserve Bank of India，数据归类于India Premium Database的Business and Economic Survey – Table IN.SC008: Inflation Expectations Survey of Households (IESH): Reserve Bank of India: Price Expectations: Non Food。

The statistic shows GDP in India from 1987 to 2023, with projections up until 2029. In 2023, GDP in India was at around 3.57 trillion U.S. dollars, and it is expected to reach six trillion by the end of the decade. See figures on India's economic growth here, and the Russian GDP for comparison. Historical development of the Indian economy In the 1950s and 1960s, the decision of the newly independent Indian government to adopt a mixed economy, adopting both elements of both capitalist and socialist systems, resulted in huge inefficiencies borne out of the culture of interventionism that was a direct result of the lackluster implementation of policy and failings within the system itself. The desire to move towards a Soviet style mass planning system failed to gain much momentum in the Indian case due to a number of hindrances, an unskilled workforce being one of many.When the government of the early 90’s saw the creation of small-scale industry in large numbers due to the removal of price controls, the economy started to bounce back, but with the collapse of the Soviet Union - India’s main trading partner - the hampering effects of socialist policy on the economy were exposed and it underwent a large-scale liberalization. By the turn of the 21st century, India was rapidly progressing towards a free-market economy. India’s development has continued and it now belongs to the BRICS group of fast developing economic powers, and the incumbent Modi administration has seen India's GDP double during its first decade in power.