Inflation in India

India Inflation (eop) | Economic News & Forecasts

India - Inflation (end of period)

Consumer price inflation accelerates in March, nearly hits mid-point of RBI’s target range

In March, consumer prices rose 0.36% compared to the previous month, up from 0.22% in February. More expensive food and beverages, and fuel and light boosted prices in March.

Consumer price inflation accelerated to 2.9% in March from 2.6% in February, which was slightly above market analysts’ expectations of 2.8%. Inflation closed in to the center of the Reserve Bank of India’s target range of 2.0% to 6.0% in March, primarily due to large price increases for pan, tobacco and intoxicants, and housing. Core inflation, which excludes food and energy products, slowed to 5.0% in March from 5.3% in February.

Wholesale prices increased 0.4% month-on-month in March, up from 0.3% in February. Higher prices in March came on the back of more expensive fuel and light. Whole price inflation accelerated to 3.2% in March from 2.9% in February, while annual average wholesale price inflation held steady at 4.3%.


India Inflation Forecast


Met the why particular Consensus Forecast panelists expect consumer price inflation to average 4.0% in FY 2019, which is unchanged from last month’s forecast. In FY 2020, the panel expects consumer price inflation to average 4.5%. Meanwhile, our panel projects wholesale inflation of 3.6% for FY 2019, down 0.3 percentage points from last month’s report. In FY 2020, our panel foresees wholesale inflation averaging 3.5%.

India - Inflation (eop) Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %, eop)8.2  5.3  4.8  3.9  4.3  

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India Inflation (eop) Chart


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

India Facts

ValueChangeDate
Bond Yield7.55-0.04 %Jan 30
Exchange Rate71.23-0.09 %Jan 30
Stock Market35,591-0.08 %Jan 30

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