India Inflation Rate

The inflation rate in India was recorded at 8.31 percent in March of 2014. Inflation Rate in India is reported by the Ministry of Commerce and Industry, India. The Wholesale Price inflation rate data is available at Producer Prices Change. Inflation Rate in India averaged 9.71 Percent from 2012 until 2014, reaching an all time high of 11.16 Percent in November of 2013 and a record low of 7.55 Percent in January of 2012. 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. This page provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
8.31 8.03 11.16 7.55 8.65 | 2014/06 2012 - 2014 Percent Monthly

TO

India Inflation Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-12 06:30 AM India
Inflation Rate YoY
Dec 2013 9.13% 11.47%
2014-02-12 12:00 PM India
Inflation Rate YoY
Jan 2014 8.79% 9.87% 9.4% 8.14%
2014-03-12 12:00 PM India
Inflation Rate YoY
Feb 2014 8.1% 8.79% 8.35% 7.87%
2014-04-15 01:00 PM India
Inflation Rate YoY
Mar 2014 8.31% 8.03% (R) 8.19% 9.06%
2014-05-12 01:00 PM India
Inflation Rate YoY
Apr 2014 8.31% 9.08%
2014-06-12 12:00 PM India
Inflation Rate YoY
May 2014 8.69%
[+]

Prices Last Previous Highest Lowest Forecast Unit
Inflation Rate 8.31 2014-03-15 8.03 11.16 7.55 8.65 2014-06-30 Percent [+]
Consumer Price Index (CPI) 238.00 2014-02-15 237.00 243.00 4.32 239.14 2014-03-31 Index Points [+]
Export Prices 284.00 2013-06-30 268.00 284.00 100.00 286.85 2013-12-31 Index Points [+]
GDP Deflator 171.30 2013-12-31 159.30 171.30 100.00 177.43 2014-06-30 Index Points [+]
Import Prices 459.00 2013-06-30 425.00 459.00 100.00 468.84 2013-12-31 Index Points [+]
Producer Prices 179.80 2014-03-15 178.90 181.50 97.50 180.54 2014-04-30 Index Points [+]
Producer Prices Change 5.70 2014-03-31 4.68 34.68 -11.31 5.62 2014-06-30 Percent [+]
[+]


India Consumer Inflation Edges Up in March

Indian annual consumer prices accelerated in March for the first time in four months to 8.31 percent, up from a revised 8.03 percent in February, driven by higher food prices.

Provisional estimates showed food and beverages’ prices accelerated to an annual 9.1 percent in March, faster than February's provisional 8.57 percent increase. Fruit prices increased 17.19 percent; vegetables 16.8 percent; milk and products 11.02 percent and cereals and products 9.61 percent.

In contrast, prices of sugar and oils and fats fell 4.17 percent and 0.35 percent, respectively. 

Cost of clothing and footwear slowed to an annual 9.03 percent, down from a provisional 9.22 percent in February, while fuel and light prices accelerated to 6.29 percent. 

Provisional annual inflation rates for rural and urban areas for March of 2014 are 8.89 percent and 7.51 percent, respectively.

Joana Taborda | joana.taborda@tradingeconomics.com
4/15/2014 1:23:42 PM

RECENT RELEASES

India Consumer Inflation Edges Down in February
Indian annual inflation rate slowed to a 25-month low of 8.1 percent in February of 2014. Provisional figures showed prices of vegetables eased the most on the year. Published on 2014-03-12

India Consumer Inflation Slows to 24-Month Low
In January of 2014, Indian consumer price inflation decelerated to 8.79 percent, the lowest annual rate since January of 2012, due to lower food prices. Published on 2014-02-12


Inflation Rate | Notes
The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.


RELATED NEWS

India Consumer Inflation Edges Up in March  
Indian annual consumer prices accelerated in March for the first time in four months to 8.31 percent, up from a revised 8.03 percent in February, driven by higher food prices.
India Wholesale Inflation Up to 3-Month High  
In March of 2014, India wholesale prices accelerated to an annual 5.7 percent on higher food, fuel and manufacturing cost, breaking a three-month easing trend.
India Leaves Rates on Hold  
In its April 1st, 2014 meeting, Reserve Bank of India decided to leave the policy repo rate unchanged at 8 percent and decided to officially start using consumer price inflation to determine its monetary policy.
India Wholesale Inflation Slows for 3rd Straight Month  
In February of 2014, Indian annual wholesale price index decelerated to 4.68 percent, reaching the lowest rate in nine months, as food and fuel prices moderated. A year ago, the inflation was recorded at 7.28 percent.
India Consumer Inflation Edges Down in February  
Indian annual inflation rate slowed to a 25-month low of 8.1 percent in February of 2014. Provisional figures showed prices of vegetables eased the most on the year.
Indian GDP Grows Below Expectations  
In the fourth quarter of 2013, Indian economic growth slowed to 4.7 percent over a year earlier, down from a 4.8 percent expansion in the previous period, hurt by a contraction in manufacturing and mining output.
India Wholesale Inflation Slows to 8-Month Low  
In January of 2014, Indian annual WPI eased for the second straight month to 5.05 percent, the lowest rate since May of 2013, as food prices slowed and mineral cost fell.
India Consumer Inflation Slows to 24-Month Low  
In January of 2014, Indian consumer price inflation decelerated to 8.79 percent, the lowest annual rate since January of 2012, due to lower food prices.
Reserve Bank of India Raises Rates  
In its January 2014 meeting, Reserve Bank of India decided to raise the policy repo rate by 25 bps to 8 percent to handle currency pressure and curb persistently high inflation.
Indian WPI Slows to 5-Month Low in December  
In December of 2013, Indian headline inflation rate slowed to 6.16 percent, the lowest rate in five months as vegetable prices, mainly onions, slowed due to a new harvest. On a monthly basis, prices fell 1.27 percent.
MORE RELATED NEWS

LATEST NEWS

Tokyo Core CPI At 22- Year High in April  
Core consumer prices in Tokyo, a leading indicator of nationwide inflation, rose 2.7 percent in April from a year earlier, the fastest gain since 1992 as an increase in sales tax drove up cost of goods and services.
US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News