Annual retail inflation in India fell to 4.85% in March 2024, the lowest since May 2023, from 5.09% in February and compared to forecasts of 4.91%. Food inflation was 8.52%, below 8.66%, mainly due to prices for vegetables (28.3% vs 30.3%), while cost slowed for pulses (17.7% vs 18.9%), spices (11.4% vs 13.5%) and fruits (3.1% vs 4.8%) and continued to fall for oils and fats (-11.7% vs -14%). Meanwhile, a slowdown was also seen in prices for clothing and footwear (3% vs. 3.1%), miscellaneous (3.5% vs. 3.6%) and housing (2.8% vs 2.9%) and prices fell more for fuel and light (-3.2% vs -0.8%). Inflation for pan, tobacco, and intoxicants was little changed at 3.1%. source: Ministry of Statistics and Programme Implementation (MOSPI)

Inflation Rate in India decreased to 4.85 percent in March from 5.09 percent in February of 2024. Inflation Rate in India averaged 5.98 percent from 2012 until 2024, reaching an all time high of 12.17 percent in November of 2013 and a record low of 1.54 percent in June of 2017. This page provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.

Inflation Rate in India decreased to 4.85 percent in March from 5.09 percent in February of 2024. Inflation Rate in India is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Inflation Rate is projected to trend around 4.30 percent in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-12 12:00 PM
Inflation Rate YoY
Feb 5.09% 5.1% 5.02% 5%
2024-04-12 12:45 PM
Inflation Rate YoY
Mar 4.85% 5.09% 4.91% 5.0%
2024-05-13 12:00 PM
Inflation Rate YoY
Apr 4.85%


Related Last Previous Unit Reference
Consumer Price Index CPI 185.80 185.80 points Mar 2024
CPI Housing Utilities 178.30 178.50 points Mar 2024
CPI Transportation 166.70 167.00 points Mar 2024
Food Inflation 8.52 8.66 percent Mar 2024
GDP Deflator 172.60 170.20 points Dec 2024
Inflation Rate YoY 4.85 5.09 percent Mar 2024
Inflation Rate MoM 0.00 0.16 percent Mar 2024

India Inflation Rate
In India, the most important category in the consumer price index is Food and beverages (45.86 percent of total weight), of which Cereals and products (9.67 percent), Milk and products (6.61 percent), Vegetables (6.04 percent), Prepared meals, snacks, sweets, etc. (5.55 percent), Meat and fish (3.61 percent), and Oils and fats (3.56 percent). Miscellaneous accounts for 28.32 percent, of which Transport and communication (8.59 percent), health (5.89 percent), and education (4.46 percent). Housing accounts for 10.07 percent; Fuel and light for 6.84 percent; Clothing and footwear for 6.53 percent; and Pan, tobacco and intoxicants for 2.38 percent. Consumer price changes in India can be very volatile due to dependence on energy imports, the uncertain impact of monsoon rains on its large farm sector, difficulties transporting food items to market because of its poor roads and infrastructure and high fiscal deficit. In 2013, the consumer price index replaced the wholesale price index (WPI) as a main measure of inflation.
Actual Previous Highest Lowest Dates Unit Frequency
4.85 5.09 12.17 1.54 2012 - 2024 percent Monthly
2012=100

News Stream
India Inflation Rate Slows in March
Annual retail inflation in India fell to 4.85% in March 2024, the lowest since May 2023, from 5.09% in February and compared to forecasts of 4.91%. Food inflation was 8.52%, below 8.66%, mainly due to prices for vegetables (28.3% vs 30.3%), while cost slowed for pulses (17.7% vs 18.9%), spices (11.4% vs 13.5%) and fruits (3.1% vs 4.8%) and continued to fall for oils and fats (-11.7% vs -14%). Meanwhile, a slowdown was also seen in prices for clothing and footwear (3% vs. 3.1%), miscellaneous (3.5% vs. 3.6%) and housing (2.8% vs 2.9%) and prices fell more for fuel and light (-3.2% vs -0.8%). Inflation for pan, tobacco, and intoxicants was little changed at 3.1%.
2024-04-12
India Inflation Rate Steady in February
Annual retail inflation in India was little changed at 5.09% in February 2024, compared to 5.1% in January and market forecasts of 5.02%. Food inflation was 8.66%, slightly higher than 8.3% in January, mainly due to prices for vegetables (30.3% vs 27%), while cost slowed for pulses (18.9% vs 19.5%), spices (13.5% vs 16.4%) and fruits (4.8% vs 8.7%) and continued to fall for oils and fats (-14% vs -15%). A slowdown was also seen in prices for pan, tobacco, and intoxicants (3.1% vs 3.3%), clothing and footwear (3.1% vs. 3.4%), miscellaneous (3.6% vs. 3.8%) and housing (2.9% vs 3.2%) while prices for fuel and light fell by 0.8% after a 0.6% drop. February marks the sixth straight month the inflation stayed below the 6% upper tolerance band of the Reserve Bank of India.
2024-03-12
India Inflation Rate Slows as Expected
Annual retail inflation in India eased to 5.1% in January 2024, the lowest in three months, from 5.69% in December 2023, matching market expectations. The slowdown is mostly due to an ease in food inflation and favourable base effects from last year as inflation rose in January 2023. Food inflation fell to 8.3% from 9.5%. Prices rose less for vegetables (27% vs 27.6%), pulses (19.5% vs 20.7%), spices (16.4% vs 19.7%) and fruits (8.7% vs 11.1%) and continued to fall for oils and fats (-15% vs -15%). A slowdown was also seen in prices for pan, tobacco, and intoxicants (3.3 vs 3.7%), clothing and footwear (3.4% vs. 3.6%), miscellaneous (3.8% vs. 4.1%) and housing (3.2% vs 3.6%) while prices for fuel and light fell by 0.6% after a 1% drop.
2024-02-12