Inflation in India

India Inflation | Economic News & Forecasts

India - Inflation

Inflation declines to lowest level since February in July

Consumer prices increased 0.46% from the previous month in July, which was below June's 0.52% rise. July's result marked the weakest reading since February. The result was driven by moderating price pressures for food and beverages.

Inflation fell to 6.7% in July from June’s 7.0%. July's reading represented the weakest inflation rate since February. Annual average inflation rose to 6.0% in July (June: 5.9%).

On the near-term outlook, analysts at Nomura said:

“The bulk of the decline has been driven by volatile components, whereas underlying inflation has not yet shown any signs of moderation, and remains sticky around 6%, suggesting strong domestic demand. Looking ahead, daily price data so far for August suggest that headline inflation is likely to remain around July levels.”

Our panel projects inflation to average 6.5% in FY 2022, which is up 0.4 percentage points from last month’s estimate, and 4.9% in FY 2023.

India - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)4.9  4.5  3.6  3.4  4.8  

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India Inflation Chart

India Inflation
Note: Annual average variation of consumer price index (CPI) in %.
Source: Reserve Bank of India of China and FocusEconomics calculations.

India Facts

Value Change Date
Bond Yield6.50-0.04 %Jan 01
Exchange Rate71.23-0.09 %Jan 01

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