The statistic shows the inflation rate in India from 1987 to 2024, with projections up until 2030. 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 2024, the inflation rate in India was around 4.67 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 2.82 percent in May from 3.16 percent in April of 2025. This dataset provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

India inflation rate for 2024 was 4.95%, a 0.7% decline from 2023.

<ul style='margin-top:20px;'>

<li>India inflation rate for 2023 was <strong>5.65%</strong>, a <strong>1.05% decline</strong> from 2022.</li>
<li>India inflation rate for 2022 was <strong>6.70%</strong>, a <strong>1.57% increase</strong> from 2021.</li>
<li>India inflation rate for 2021 was <strong>5.13%</strong>, a <strong>1.49% decline</strong> from 2020.</li>
</ul>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 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.

Cost of food in India increased 0.99 percent in May 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.

Inflation, consumer prices (annual %) in India was reported at 4.953 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

The food inflation in India fell to around *** percent year-on-year in January 2025. In 2024, the food inflation peaked in October at about ** 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 **** 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.  

At the end of 2023, vegetable prices witnessed a price rise of over 27 percent, the highest among other commodities. The category was followed by pulses and products which witnessed a price rise of over 20 percent during the same period. Oils and fats which contributed the most to inflation in 2022, witnessed a decline of 15 percent in prices.

Data and expert analysis on CPI-based consumer and CFPI-based food inflation in India and in each state, including comparison with global peers.

Inflation, GDP deflator: linked series (annual %) in India was reported at 1.334 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Inflation, GDP deflator: linked series (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Inflation rate (GDP deflator) of India plummeted by 80.23% from 6.7 % in 2022 to 1.3 % in 2023. Since the 73.52% surge in 2021, inflation rate (GDP deflator) sank by 84.03% in 2023. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

The Consumer Price Index in India increased 0.21 percent in May of 2025 over the previous month. This dataset provides - India Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

According to a survey conducted by Rakuten Insight in March 2023, about 48 percent of respondents in India reported a decrease in the frequency of leisure activities and started shopping at discount stores, respectively. Meanwhile, 28 percent of respondents stated that they had to cut back their energy costs.

Data and expert analysis on WPI-based wholesale inflation and WFPI-based food inflation in India - primary articles, fuel & power, and manufactured products.

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

Graph and download economic data for Inflation, consumer prices for India (FPCPITOTLZGIND) from 1960 to 2024 about India, consumer, CPI, inflation, price index, indexes, and price.

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.

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]

In financial year 2023, the annual change in food inflation was 7.7 percent in India. Food inflation is a key indicator in determining accessibility to food, specifically among the low-income population. Price increases meant an increase in unaffordability and inaccessibility to people who already struggle to meet basic requirements.

India Inflation Nowcast: Contribution: International Reserves: RBI: FX Reserve: INR: Position in the IMF data was reported at 0.828 % in 05 May 2025. This records a decrease from the previous number of 0.832 % for 28 Apr 2025. India Inflation Nowcast: Contribution: International Reserves: RBI: FX Reserve: INR: Position in the IMF data is updated weekly, averaging 0.418 % from Jul 2020 (Median) to 05 May 2025, with 253 observations. The data reached an all-time high of 12.707 % in 08 Jul 2024 and a record low of 0.000 % in 03 Apr 2023. India Inflation Nowcast: Contribution: International Reserves: RBI: FX Reserve: INR: Position in the IMF data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s India – Table IN.CEIC.NC: CEIC Nowcast: Inflation: Headline.