Inflation Rate in India decreased to 2.10 percent in June from 2.82 percent in May of 2025. This dataset provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Cost of food in India decreased 1.06 percent in June 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.

Of the major developed and emerging economies, China had the lowest inflation rate at *** percent in December 2024. On the other end of the spectrum, the inflation rate in Russia stood at nearly ** 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 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.  

India Inflation Nowcast data was reported at 4.107 % in 12 May 2025. This records a decrease from the previous number of 4.239 % for 05 May 2025. India Inflation Nowcast data is updated weekly, averaging 5.697 % from Jul 2020 (Median) to 12 May 2025, with 254 observations. The data reached an all-time high of 7.148 % in 16 Nov 2020 and a record low of 2.585 % in 07 Apr 2025. India Inflation Nowcast 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.

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.

India PFS: RBI: Consumer Price Index Inflation: Combined: Annual Average Percentage Change: Next Five Years: Maximum data was reported at 5.500 % in Mar 2018. This stayed constant from the previous number of 5.500 % for Dec 2017. India PFS: RBI: Consumer Price Index Inflation: Combined: Annual Average Percentage Change: Next Five Years: Maximum data is updated quarterly, averaging 6.000 % from Dec 2013 (Median) to Mar 2018, with 18 observations. The data reached an all-time high of 8.500 % in Dec 2013 and a record low of 5.000 % in Jun 2017. India PFS: RBI: Consumer Price Index Inflation: Combined: Annual Average Percentage Change: Next Five Years: Maximum 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.SE001: Professional Forecasters Survey (PFS): Reserve Bank of India: Annual Average Percentage Change Forecasts.

Producer Prices in India decreased 0.13 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - India Wholesale Price Index Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In financial year 2023, the annual change in food inflation was *** 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.

In 2024, the average annual inflation rate in China ranged at around 0.2 percent compared to the previous year. For 2025, projections by the IMF expect slightly negative inflation. The monthly inflation rate in China dropped to negative values in the first quarter of 2025. Calculation of inflation The inflation rate is calculated based on the Consumer Price Index (CPI) for China. The CPI is computed using a product basket that contains a predefined range of products and services on which the average consumer spends money throughout the year. Included are expenses for groceries, clothes, rent, power, telecommunications, recreational activities, and raw materials (e.g. gas, oil), as well as federal fees and taxes. The product basked is adjusted every five years to reflect changes in consumer preference and has been updated in 2020 for the last time. The inflation rate is then calculated using changes in the CPI. As the inflation of a country is seen as a key economic indicator, it is frequently used for international comparison. China's inflation in comparison Among the main industrialized and emerging economies worldwide, China displayed comparatively low inflation in 2023 and 2024. In previous years, China's inflation ranged marginally above the inflation rates of established industrialized powerhouses such as the United States or the European Union. However, this changed in 2021, as inflation rates in developed countries rose quickly, while prices in China only increased moderately. According to IMF estimates for 2024, Zimbabwe was expected to be the country with the highest inflation rate, with a consumer price increase of about 561 percent compared to 2023. In 2023, Turkmenistan had the lowest price increase worldwide with prices actually decreasing by about 1.7 percent.

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.

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.

India CPI Inflation Projection: Annual: 4th Monetary Policy Statement data was reported at 4.500 % in 2025. This records a decrease from the previous number of 5.400 % for 2024. India CPI Inflation Projection: Annual: 4th Monetary Policy Statement data is updated yearly, averaging 5.350 % from Mar 2022 (Median) to 2025, with 4 observations. The data reached an all-time high of 6.700 % in 2023 and a record low of 4.500 % in 2025. India CPI Inflation Projection: Annual: 4th Monetary Policy Statement data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Inflation – Table IN.IA002: RBI Monetary Policy Statement: Inflation Projection.

India CPI Inflation Projection: Quarterly: 3rd Monetary Policy Statement data was reported at 4.400 % in Jun 2025. This records an increase from the previous number of 4.300 % for Mar 2025. India CPI Inflation Projection: Quarterly: 3rd Monetary Policy Statement data is updated quarterly, averaging 4.800 % from Sep 2017 (Median) to Jun 2025, with 27 observations. The data reached an all-time high of 7.100 % in Sep 2022 and a record low of 3.000 % in Sep 2017. India CPI Inflation Projection: Quarterly: 3rd Monetary Policy Statement data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Inflation – Table IN.IA002: RBI Monetary Policy Statement: Inflation Projection.

In May 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In early 2025, Russia maintained the highest interest rate at 20 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at -0.1 percent in May 2025. In contrast, Russia maintained a high inflation rate of 9.9 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

In September 2022, food inflation in India stood at about *** percent. It was highest for vegetables, amounting to more than an ** percent increase compared to September the previous year in India. Research showed this was the highest increase in nine years, causing concern for the economy, especially low-income earners.

India IESH: RBI: Inflation Expectations: One Year Ahead: Median data was reported at 9.712 % in Mar 2025. This records a decrease from the previous number of 10.186 % for Jan 2025. India IESH: RBI: Inflation Expectations: One Year Ahead: Median data is updated monthly, averaging 10.200 % from Sep 2009 (Median) to Mar 2025, with 80 observations. The data reached an all-time high of 16.000 % in Sep 2014 and a record low of 7.900 % in Jul 2019. India IESH: RBI: Inflation Expectations: One Year Ahead: Median 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.SG001: Inflation Expectations Survey of Households (IESH): Reserve Bank of India: Inflation Expectations.

India IESH: RBI: Inflation Expectations: Current: Mean data was reported at 8.538 % in Mar 2025. This records a decrease from the previous number of 8.848 % for Jan 2025. India IESH: RBI: Inflation Expectations: Current: Mean data is updated monthly, averaging 9.150 % from Sep 2006 (Median) to Mar 2025, with 92 observations. The data reached an all-time high of 12.700 % in Sep 2014 and a record low of 4.500 % in Dec 2007. India IESH: RBI: Inflation Expectations: Current: Mean 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.SG001: Inflation Expectations Survey of Households (IESH): Reserve Bank of India: Inflation Expectations. [COVID-19-IMPACT]

India SPF: WPI: All Commodities: Current Fiscal Year: Minimum data was reported at -0.700 % in Apr 2025. This records a decrease from the previous number of 0.200 % for Feb 2025. India SPF: WPI: All Commodities: Current Fiscal Year: Minimum data is updated monthly, averaging 1.850 % from Jun 2017 (Median) to Apr 2025, with 48 observations. The data reached an all-time high of 10.900 % in Apr 2022 and a record low of -3.500 % in Aug 2023. India SPF: WPI: All Commodities: Current Fiscal Year: Minimum data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.SH023: Survey of Professional Forecasters (SPF): Reserve Bank of India: Annual Forecasts: Inflation: WPI: All Commodities.