India Inflation April 2021


India: Inflation declines to lowest level since January in April

May 12, 2021

Consumer prices rose 0.70% from the previous month in April, accelerating from the 0.13% increase logged in March. April's result marked the sharpest increase in prices since October 2020. The reading was largely due to rising prices for food and beverages. In addition, price pressures for clothing and footwear also increased robustly over the previous month.

Inflation fell to 4.3% in April from March’s 5.5%. April's reading represented the lowest inflation rate since January. Accordingly, the trend pointed down, with annual average inflation coming in at 5.9% in April (March: 6.2%).

FocusEconomics Consensus Forecast panelists project consumer price inflation to average 4.6% in FY 2021, which ends in March 2022. The estimate is unchanged from last month’s forecast. In FY 2022, the panel projects consumer price inflation to average 4.3%.


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India Inflation Chart

India Inflation April 2021

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

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