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 Rate in India decreased to 3.61 percent in February from 4.31 percent in January of 2025. This dataset provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

India inflation rate for 2023 was 5.65%, a 1.05% decline from 2022.

• India inflation rate for 2022 was 6.70%, a 1.57% increase from 2021.
• India inflation rate for 2021 was 5.13%, a 1.49% decline from 2020.
• India inflation rate for 2020 was 6.62%, a 2.89% increase from 2019.

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

The food inflation in India fell to around six percent year-on-year in January 2025. In 2024, the food inflation peaked in October at about 11 percent. Impact of inflation Inflation is a key economic indicator of an economy, influencing purchasing power, investments, and economic growth. The rise in food prices, which comprise about half of the consumer price index (CPI) basket, affects large sections of the Indian population. Supply chain disruptions, increased cost of production, global market dependency, weather conditions, and government policies on minimum support prices are some reasons leading to food inflation. TOP drivers of food inflation Price-sensitive vegetables viz. tomato, onion, and potato (TOP) were the leading drivers of food inflation as per the Economic Survey for the financial year 2025. Experts argue that price pressures are not mainly due to a shortfall in production but post-harvest losses, seasonal production, and regional dispersion in production.  

Cost of food in India increased 3.75 percent in February of 2025 over the same month in the previous year. This dataset provides - India Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the inflation rate in India from December 2022 to December 2024. The term inflation means the devaluation of money caused by a permanent increase of the price level for products (consumer goods, investment goods). The Consumer Price Index shows the price development for private expenses and shows the current level of inflation when increasing. In December 2024, the inflation rate in India was at about 3.53 percent compared to the same month of the previous year.

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.

As of January 2025, consumer price index (CPI) inflation in India eased to 4.31 percent from 5.22 percent in the previous month. January marks the third straight month that the inflation stayed below the six percent upper tolerance band of reserve Bank of India. CPI is the main measure of inflation in India.

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.

The consumer price index (CPI) for personal care products in India as of March 2024 was approximately 191 in Rural areas and over 192 in Urban areas. This meant that the CPI for personal care products had increased by approximately 91 percent across rural India, compared to the base year of 2012.

The personal care industry of the south Asian nation was expected to generate revenue of over 2,400 million U.S. dollars by 2020.

Inflation Rate in Japan decreased to 3.70 percent in February from 4 percent in January of 2025. This dataset provides the latest reported value for - Japan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about India Consumer Price Index CPI growth

• India Consumer Price Index (CPI) growth was measured at 3.6 % YoY in Feb 2025, compared with a rate of 4.3 % in the previous month.
• India Consumer Price Index growth data is updated monthly, available from Jan 1958 to Feb 2025, with an averaged number of 6.6 % YoY.
• The data reached an all-time high of 34.6 % YoY in Sep 1974 and a record low of -11.3 % YoY in Jun 1976.

CEIC calculates Consumer Price Index Growth from monthly Consumer Price Index. Ministry of Statistics and Programme Implementation provides Consumer Price Index with base 2012=100. Consumer Price Index Growth prior to January 2012 is sourced from the International Monetary Fund and covers Industrial workers only. [COVID-19-IMPACT]

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Inflation Rate in Sri Lanka decreased to -4.20 percent in February from -4 percent in January of 2025. This dataset provides - Sri Lanka Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

During the financial year 2023, the cost inflation index (CII) in India stood at 348. This was an increase from the previous year's figure of 331. The CII is used to compute an asset's inflation-adjusted cost price. It is used to assess the inflation value of assets like land, houses, jewelry etc.

The dataset contains All India Monthly Growth Rate of Consumer Price Index in New Format from Handbook of Statistics on Indian Economy.

Note: 1. Urban Non-manual Employees - Discontinued from January 2011. 2. Inflation as per the New CPI is available from January 2012. 3. In case of New CPI, data for the latest month is provisional. 4. CPI indices for Apr-May, 2020 are imputed indices published by the NSO and accordingly the 'Annual variation' can be interpreted with caveat. 5. CPI Industrial Workers annual variation from Sep-2020 onwards has been derived by linking the current base series (2016=100) with the previous base series (2001=100) by the linking factor 2.88. 6. CPI Combined Food and beverages annual variation has been published in place of CPI Industrial Workers Food group.

Consumer Price Index CPI in India decreased to 192.50 points in February from 193.40 points in January of 2025. This dataset provides - India Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about India Core CPI Change

• India Core CPI Change was reported at 3.954 % in Feb 2025.
• This records an increase from the previous number of 3.673 % for Jan 2025.
• India Core CPI Change data is updated monthly, averaging 5.217 % from Jan 2012 to Feb 2025, with 158 observations.
• The data reached an all-time high of 10.350 % in Jan 2012 and a record low of 3.117 % in May 2024.
• India Core CPI Change data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Core CPI: Y-o-Y Growth: Monthly.

CEIC calculates Core Consumer Price Index Growth from monthly Core Consumer Price Index. Central Statistics Office provides Core Consumer Price Index with base 2012=100.

Of the major developed and emerging economies, China had the lowest inflation rate at 0.1 percent in December 2024. On the other end of the spectrum, the inflation rate in Russia stood at nearly 10 percent. The country's inflation rate increased sharply after the country's President, Vladimir Putin, decided to invade Ukraine, declined somewhat in 2023, before increasing slowly again since. The rate of inflation reflects changes in the cost of a specified basket containing a representative selection of goods and services. It is derived from the consumer price index (CPI).

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.