India Inflation Rate
The inflation rate in India was recorded at 4.89 percent in April of 2013. Inflation Rate in India is reported by the Ministry of Commerce and Industry. Historically, from 1969 until 2013, India Inflation Rate averaged 7.74 Percent reaching an all time high of 34.68 Percent in September of 1974 and a record low of -11.31 Percent in May of 1976. In India, the wholesale price index (WPI) is the main measure of inflation. The WPI measures the price of a representative basket of wholesale goods. In India, wholesale price index is divided into three groups: Primary Articles (20.1 percent of total weight), Fuel and Power (14.9 percent) and Manufactured Products (65 percent). Food Articles from the Primary Articles Group account for 14.3 percent of the total weight. The most important components of the Manufactured Products Group are Chemicals and Chemical products (12 percent of the total weight); Basic Metals, Alloys and Metal Products (10.8 percent); Machinery and Machine Tools (8.9 percent); Textiles (7.3 percent) and Transport, Equipment and Parts (5.2 percent). This page includes a chart with historical data for India Inflation Rate.
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India Inflation Rate Down to 4.9% in April
Ministry of Commerce and Industry | Nuno Fontes | nuno@tradingeconomics.com
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5/14/2013 8:45:32 AM
The annual rate of inflation, based on monthly WPI, stood at 4.89 percent for the month of April 2013 (over April 2012) as compared to 5.96 percent for the previous month and 7.50 percent during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 0.53 percent compared to a build up rate of 1.55 percent in the corresponding period of the previous year.
The index for `Food Products` group rose by 0.5 percent to 165.8 from 164.9 for the previous month due to higher price of processed prawn (6 percent), tea leaf (unblended) (5 percent), oil cakes, gur and tea dust (unblended) (3 percent each), mixed spices (2 percent) and groundnut oil, cotton seed oil, sunflower oil and gola (cattle feed) (1 percent each). However, the price of coffee powder, maida, khandsari, soyabean oil, canned fish and mustard & rapeseed oil (1 percent each) declined.
The index for `Beverages, Tobacco and Tobacco Products` group rose by 1.7 percent to 181.2 from 178.1 for the previous month due to higher price of cigarette (8 percent) and dried tobacco (1 percent). The index for `Textiles` group rose by 0.7 percent to 133.6 from 132.7 for the previous month due to higher price of cotton yarn (2 percent) and gunny and hessian cloth and woollen textiles (1 percent each).
The index for `Basic Metals, Alloys and Metal Products` group declined by 0.3 percent to 164.3 from 164.8 for the previous month due to lower price of silver and lead (4 percent each), gold and gold ornaments (3 percent) and slab, crc, zinc, rounds, wire rods, melting scrap and iron castings (1 percent each). However, the price of iron chrome (2 percent) and iron and steel wire, steel castings, pipes/tubes/rods/strips, manganese, pencil ingots and sponge iron (1 percent each) moved up.
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India Inflation Rate Down to 5.96% in March
The annual rate of inflation, based on monthly WPI, stood at 5.96 percent for the month of March, 2013 (over March, 2012) as compared to 6.84 percent for the previous month and 7.69 percent during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 5.96 percent compared to a build-up rate of 7.69 percent in the corresponding period of the previous year.
2013-04-15
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India Annual Inflation Rate Down to 7.45 Percent in October
The annual rate of inflation, based on monthly WPI, stood at 7.45 percent (Provisional) for the month of October, 2012 (over October, 2011) as compared to 7.81 percent (Provisional) for the previous month and 9.87 percent during the corresponding month of the previous year.
2012-12-12
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India Inflation Rate Up tp 6.84% in February
The annual rate of inflation, based on monthly WPI, stood at 6.84% (Provisional) for the month of February, 2013 (over February, 2012) as compared to 6.62% (Provisional) for the previous month and 7.56% during the corresponding month of the previous year. Build up inflation in the financial year so far was 5.71% compared to a build up of 6.56% in the corresponding period of the previous year.
2013-03-14
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India's Inflation Rate Declines
India's inflation rate fell the most in at least 18 years, increasing speculation the central bank may make further unscheduled interest-rate cuts to shield the economy from a global slowdown.
2008-11-13
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India Inflation Slows to 6.62 Percent in January of 2013
The annual rate of inflation, based on monthly WPI, stood at 6.62% for the month of January of 2013 (over January of 2012) as compared to 7.18% for the previous month and 7.23% during the corresponding month of the previous year. Build up inflation in the financial year so far was 5.09% compared to a build up of 6.15% in the corresponding period of the previous year.
2013-02-14
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India Inflation Rate at 7.18 Percent in December
The annual rate of inflation, based on monthly WPI, stood at 7.18 percent for the month of December of 2012 over December of 2011 as compared to 7.24 percent for the previous month and 7.74 percent during the corresponding month of the previous year.
2013-01-14
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India Inflation Is Under 11%
India's inflation rate fell below 11 percent for the first time since May, giving the central bank room to reduce interest rates.
2008-10-31
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India Inflation Down to 7.24 Percent in November
The annual rate of inflation, based on monthly WPI, stood at 7.24 percent (Provisional) for the month of November, 2012 (over November, 2011) as compared to 7.45 percent (Provisional) for the previous month and 9.46 percent during the corresponding month of the previous year. Build up inflation in the financial year so far was 4.84 percent compared to a build up of 5.28 percent in the corresponding period of the previous year.
2012-12-14
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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.
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