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

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<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.

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.

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.

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

The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking price changes for each item in the predetermined basket and averaging them. Prices are collected periodically, and the CPI is often used to measure inflation, reflecting the cost of living. The CPI is typically set against a base year. The index is set to 100 in the base year, and changes in the CPI indicate price changes compared to that year. A typical household might purchase a wide range of products and services. Items in the basket are weighted according to their importance or share in total household spending. The Inflation Rate is the percentage increase in the general level of prices for goods and services over a period of time. It indicates how much prices have risen over a specific period, typically a year. Higher inflation decreases the purchasing power of money, meaning consumers can buy less with the same amount of money.It reflects the overall health of an economy. Moderate inflation is expected in a growing economy, but hyperinflation can indicate economic instability. The Inflation Rate is calculated using the following formula: Inflation Rate (%) = ((CPI in Current Year−CPI in Previous Year)/ (CPI in Previous Year))×100

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.

India Consumer Price Index (CPI): Miscellaneous: Hotel Lodging Charges data was reported at 125.300 2012=100 in Oct 2018. This records an increase from the previous number of 123.000 2012=100 for Sep 2018. India Consumer Price Index (CPI): Miscellaneous: Hotel Lodging Charges data is updated monthly, averaging 116.700 2012=100 from Jan 2014 (Median) to Oct 2018, with 58 observations. The data reached an all-time high of 140.700 2012=100 in Aug 2017 and a record low of 108.000 2012=100 in Feb 2014. India Consumer Price Index (CPI): Miscellaneous: Hotel Lodging Charges data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under India Premium Database’s Inflation – Table IN.IA017: Consumer Price Index: 2012=100: Miscellaneous.

India Consumer Price Index (CPI): Fuel and Light: Kerosene by Other Sources data was reported at 130.800 2012=100 in Oct 2018. This records an increase from the previous number of 129.500 2012=100 for Sep 2018. India Consumer Price Index (CPI): Fuel and Light: Kerosene by Other Sources data is updated monthly, averaging 116.050 2012=100 from Jan 2014 (Median) to Oct 2018, with 58 observations. The data reached an all-time high of 130.800 2012=100 in Oct 2018 and a record low of 110.000 2012=100 in Jan 2014. India Consumer Price Index (CPI): Fuel and Light: Kerosene by Other Sources data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under India Premium Database’s Inflation – Table IN.IA015: Consumer Price Index: 2012=100: Fuel and Light.

India Consumer Price Index (CPI): Food and Beverages: Curd data was reported at 144.800 2012=100 in Oct 2018. This records an increase from the previous number of 144.400 2012=100 for Sep 2018. India Consumer Price Index (CPI): Food and Beverages: Curd data is updated monthly, averaging 134.400 2012=100 from Jan 2014 (Median) to Oct 2018, with 58 observations. The data reached an all-time high of 144.800 2012=100 in Oct 2018 and a record low of 114.800 2012=100 in Jan 2014. India Consumer Price Index (CPI): Food and Beverages: Curd data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under India Premium Database’s Inflation – Table IN.IA007: Consumer Price Index: 2012=100: Food and Beverages.

During the financial year 2023, the cost inflation index (CII) in India stood at ***. This was an increase from the previous year's figure of ***. 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 Consumer Price Index in India increased 0.62 percent in June of 2025 over the previous month. This dataset provides - India Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation Rate in Japan decreased to 3.30 percent in June from 3.50 percent in May 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.

Inflation Rate in Pakistan decreased to 3.20 percent in June from 3.50 percent in May 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 Consumer Price Index (CPI): Miscellaneous: Motor Car, Jeep data was reported at 121.500 2012=100 in Oct 2018. This records an increase from the previous number of 119.600 2012=100 for Sep 2018. India Consumer Price Index (CPI): Miscellaneous: Motor Car, Jeep data is updated monthly, averaging 114.650 2012=100 from Jan 2014 (Median) to Oct 2018, with 58 observations. The data reached an all-time high of 121.500 2012=100 in Oct 2018 and a record low of 107.000 2012=100 in Mar 2014. India Consumer Price Index (CPI): Miscellaneous: Motor Car, Jeep data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under India Premium Database’s Inflation – Table IN.IA017: Consumer Price Index: 2012=100: Miscellaneous.

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.  

Consumer Price Index (CPI): Punjab: Housing data was reported at 140.200 2010=100 in Dec 2014. This records an increase from the previous number of 137.800 2010=100 for Nov 2014. Consumer Price Index (CPI): Punjab: Housing data is updated monthly, averaging 122.150 2010=100 from Jan 2011 (Median) to Dec 2014, with 48 observations. The data reached an all-time high of 140.200 2010=100 in Dec 2014 and a record low of 100.200 2010=100 in Mar 2011. Consumer Price Index (CPI): Punjab: Housing data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under India Premium Database’s Inflation – Table IN.IC061: Consumer Price Index: 2010=100: by State: Punjab .

Consumer Price Index CPI in India increased to 194.20 points in June from 193 points in May of 2025. This dataset provides - India Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in India expanded 7.40 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - India GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.