Inflation in India
India - Inflation
Inflation ticks up in October
Consumer prices increased 1.41% from the previous month in October, accelerating from September's 0.18% increase. Looking at the details of the release, food and beverages prices jumped in October compared to the previous month and price pressures for fuel and light intensified.
Inflation rose from 4.3% in September to 4.5% in October. That being said, the trend pointed down mildly, with annual average inflation coming in at 5.2% in October (September: 5.5%).
Commenting on the outlook for inflation next year, analysts at the EIU noted:
“Inflationary pressures from a strong anticipated recovery in domestic demand will be offset by tighter monetary policy settings and a slower rise in commodity prices.”
Our panel projects inflation to average 4.8% in FY 2021, which is up 0.1 percentage points from last month’s forecast, and 4.5% in FY 2022.
India - Inflation Data
|Inflation Rate (CPI, annual variation in %)||4.9||4.5||3.6||3.4||4.8|
5 years of economic forecasts for more than 30 economic indicators.
India Inflation Chart
Source: Reserve Bank of India of China and FocusEconomics calculations.
|Bond Yield||6.50||-0.04 %||Jan 01|
|Exchange Rate||71.23||-0.09 %||Jan 01|
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November 12, 2021
Industrial output increased 3.1% compared to the same month of the previous year in September, which was weaker than August's 12.0% expansion.
November 12, 2021
Consumer prices increased 1.41% from the previous month in October, accelerating from September's 0.18% increase.
November 10, 2021
Merchandise exports shot up 42.5% annually in October (September: +22.6% year-on-year).
November 4, 2021
The composite Purchasing Managers’ Index (PMI) produced by IHS Markit rose from 55.3 in September to 58.7 in October.
October 14, 2021
Consumer prices increased 0.18% from the previous month in September, decelerating from August's 0.25% increase.