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

The inflation rate in India was recorded at 6.46 percent in September of 2014. Inflation Rate in India averaged 9.35 Percent from 2012 until 2014, reaching an all time high of 11.16 Percent in November of 2013 and a record low of 6.46 Percent in September of 2014. Inflation Rate in India is reported by the Ministry of Statistics and Programme Implementation (MOSPI), India.

   
 
 

India Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
6.46 7.73 11.16 6.46 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 Saturday, November 1, 2014.


India Consumer Inflation Down to Record Low


Indian consumer inflation slowed for the second consecutive month to 6.46 percent in September of 2014, from a revised 7.73 percent in August. It is the lowest rate on record mainly driven by lower food prices.

Provisional estimates showed cost of food and beverages rose 7.56 percent yoy in September from a 9.16 percent increase in the previous two months. The food alone index rose 7.67 percent in September, down from a revised 9.35 percent increase in the previous month. 

Year-on-year, cost of vegetables rose at a slower 8.59 percent (15.15 percent in the previous month) and fruit prices increased 22.4 percent (from 22.48 percent). Prices of oils and fats were unchanged from last year and sugar cost rose a meager 0.64 percent.  

Cost of fuel and light rose 3.45 percent in September, down from a 4.15 percent increase in the previous month and cost of clothing and footwear slowed to 7.59 percent from 8.53 percent in August. 

The corresponding provisional inflation rates for rural and urban areas for September of 2014 are 6.68 percent and 6.34 percent. 

In September of 2013, the county’s inflation rate was recorded at 9.84 percent. Meanhile, Indian central bank targets consumer inflation at 8 percent in 2015 and 6 percent in 2016.

Joana Taborda | joana.taborda@tradingeconomics.com
10/13/2014 1:39:53 PM


Recent Releases

India Consumer Inflation Edges Down in August
Indian consumer prices rose by an annual 7.8 percent in August of 2014, slowing slightly from 7.96 percent in July. Provisional estimates showed the annual food inflation accelerated to 9.42 percent. Published on 2014-09-12

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. Published on 2014-08-12


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 01:05 PM India
Inflation Rate YoY
Aug 2014 7.8% 7.96% 7.8% 7.62%
2014-10-13 01:00 PM India
Inflation Rate YoY
Sep 2014 6.46% 7.73% (R) 7.2% 7.5%
2014-11-12 12:00 PM India
Inflation Rate YoY
Oct 2014 6.46% 7.15%


India Prices Last Previous Highest Lowest Unit
Inflation Rate 6.46 7.73 11.16 6.46 Percent [+]
Consumer Price Index CPI 145.00 145.00 145.00 105.00 Index Points [+]
GDP Deflator 171.30 159.30 171.30 100.00 Index Points [+]
Producer Prices 185.00 185.70 185.70 97.50 Index Points [+]
Producer Prices Change 2.38 3.74 34.68 -11.31 Percent [+]
Export Prices 312.00 284.00 312.00 100.00 Index Points [+]
Import Prices 518.00 459.00 518.00 100.00 Index Points [+]
Food Inflation 7.56 9.16 14.72 4.11 Percent [+]
Inflation Rate Mom 0.00 0.97 1.77 -1.00 Percent [+]