India Inflation Rate 2012-2014 | Data | Chart | Calendar | Forecast

The inflation rate in India was recorded at 7.96 percent in July of 2014. Inflation Rate in India averaged 9.49 Percent from 2012 until 2014, reaching an all time high of 11.16 Percent in November of 2013 and a record low of 7.31 Percent in June of 2014. Inflation Rate in India is reported by the Ministry of Statistics and Programme Implementation (MOSPI), India.

   
 
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India Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
7.96 7.31 11.16 7.31 2012 - 2014 Percent Monthly
Historically, the wholesale price index (WPI) has been the main measure of inflation in India. However, in 2013, the governor of The Reserve Bank of India Raghuram Rajan had announced that the consumer price index is a better measure of inflation. In India, the most important category in the consumer price index is Food, beverages and tobacco (49.7 percent of total weight). Fuel and light accounts for 9.5 percent; Housing for 9.8 percent; Transport and communication for 7.6 percent; Medical care for 5.7 percent; Clothing, bedding and footwear for 4.7 percent and education for 3.4 percent. This page provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - India Inflation Rate - was last refreshed on Thursday, August 21, 2014.


India Inflation Rate Surges in July


Indian annual inflation rate accelerated to 7.96 percent in July of 2014 from 7.31 percent in the previous month driven by higher food prices.

Year-on-year, food and beverages cost surged by 9.16 percent in July from 7.9 percent in June. Among food prices the biggest increases were reported for fruits (+22.5%), vegetables (16.9%) and milk and products (11.35%). Cost of clothing, bedding and footwear rose by 8.73 percent from 8.65 percent in June and prices of fuels and light eased to 4.47 percent from 4.58 percent. 

The consumer price index increased by 8.45 percent in the rural areas and by 7.42 percent in the urban areas.

Annual core inflation rate was 7.4 percent in July of 2014, the same rate recorded in June. 

Isabel Felino | isabel.felino@tradingeconomics.com
8/12/2014 2:16:33 PM


Recent Releases

India Consumer Inflation Down to Record Low
Indian consumer prices rose by an annual 7.31 percent in June of 2014, the lowest rate on record. The inflation rate slowed for the second straight month, due to lower food prices. Published on 2014-07-14

India Consumer Inflation Declines in May
Indian annual consumer prices decelerated to 8.28 percent in May of 2014 from 8.59 percent in April. It is the lowest rate in three months as food prices slowed slightly. Published on 2014-06-12


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-12 01:00 PM India
Inflation Rate YoY
Apr 2014 8.59% 8.31% 8.48% 8.69%
2014-06-12 01:00 PM India
Inflation Rate YoY
May 2014 8.28% 8.59% 8.4% 8.67%
2014-07-14 01:00 PM India
Inflation Rate YoY
Jun 2014 7.31% 8.28% 7.95% 8.5%
2014-08-12 01:10 PM India
Inflation Rate YoY
Jul 2014 7.96% 7.31% 7.4% 7.59%
2014-09-12 12:00 PM India
Inflation Rate YoY
Aug 2014 7.96% 7.62%


Prices Last Previous Highest Lowest Unit
Inflation Rate 7.96 7.31 11.16 7.31 Percent [+]
Consumer Price Index (CPI) 143.70 141.20 143.70 105.00 Index Points [+]
GDP Deflator 171.30 159.30 171.30 100.00 Index Points [+]
Producer Prices 184.60 182.60 184.60 97.50 Index Points [+]
Producer Prices Change 5.19 5.43 34.68 -11.31 Percent [+]
Export Prices 284.00 268.00 284.00 100.00 Index Points [+]
Import Prices 459.00 425.00 459.00 100.00 Index Points [+]
Food Inflation 9.16 7.90 14.72 4.11 Percent [+]





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