India Inflation April 2022

India

India: Inflation comes in at highest level since May 2014 in April

May 18, 2022

Consumer prices increased 1.43% in April over the previous month, picking up from the 0.96% rise recorded in March. April's uptick was the highest reading since May 2021. The pick-up was broad-based, with greater price pressures recorded for food and beverages, fuel and light, and clothing and footwear.

Inflation increased to 7.8% in April, following March’s 7.0%. April's figure represented the highest inflation rate since May 2014. Annual average inflation rose to 5.8% in April (March: 5.5%).

FocusEconomics panel projects inflation to average 5.8% in FY 2022, which is up 0.5 percentage points from last month’s forecast, and 4.7% in FY 2023.


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India Inflation April 2022

Note: Annual and monthly variation of consumer price index (CPI) in %.
Source: Ministry of Commerce and Industry and FocusEconomics calculations.


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