India Inflation August 2022

India: Inflation increases in August

Inflation came in at 7.0% in August, up from July’s 6.7%. The result exceeded market expectations of a 6.9% rise and was driven by rising prices for food and beverages. Annual average inflation ticked up to 6.2% in August (July: 6.0%). Lastly, consumer prices increased 0.52% from the previous month in August, picking up from July’s 0.46% increase.

August’s print broke a streak of three consecutive months of slowing inflation. The pickup in inflation was driven by rising food costs, due to a weaker harvest resulting from below-average monsoon rainfall. Going forward, inflation is set to decelerate in what remains of the year. Price pressures will be weighed on by the recent levy on rice exports and the recent fall in agricultural commodity prices on global markets. Increased grain shipments owing to the opening of sea routes in the Black Sea pose a downside risk.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest