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. source: Ministry of Statistics and Programme Implementation (MOSPI)
Inflation Rate in India decreased to 5.09 percent in February from 5.10 percent in January of 2024. Inflation Rate in India averaged 5.99 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 March of 2024.
Inflation Rate in India decreased to 5.09 percent in February from 5.10 percent in January 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.