Search results
The inflation rate in India between 1957 and 2023 was 9,751.78%, which translates into a total increase of ₹9,751.78. This means that 100 rupees in 1957 are equivalent to 9,851.78 rupees in 2023. In other words, the purchasing power of ₹100 in 1957 equals ₹9,851.78 in 2023.
Oct 10, 2024 · The rupee had an average inflation rate of 7.23% per year between 1958 and today, producing a cumulative price increase of 9,923.08%. This means that today's prices are 100.23 times as high as average prices since 1958, according to the OECD and the World Bank consumer price index for India.
India inflation rate for 2022 was 6.70%, a 1.57% increase from 2021. India inflation rate for 2021 was 5.13% , a 1.49% decline from 2020. India inflation rate for 2020 was 6.62% , a 2.89% increase from 2019.
The annual inflation rate in India soared to 6.21% in October of 2024 from 5.49% in the previous month, well above market expectations of 5.81% to mark the highest inflation rate in over one year. The result also marked the departure of India’s price growth from the RBI’s target of 2 percentage points away from the 4% level, further ...
CPI is widely used as a macroeconomic indicator of inflation, as a tool by governments and central banks for inflation targeting and for monitoring price stability, and as deflators in the national accounts. CPI is also used for indexing dearness allowance to employees for increase in prices.
The inflation rate for consumer prices in India moved over the past 63 years between -7.6% and 28.6%. For 2023, an inflation rate of 5.6% was calculated. During the observation period from 1960 to 2023, the average inflation rate was 7.5% per year. Overall, the price increase was 8,698.14%.
Jul 4, 2024 · Jul 4, 2024. The statistic shows the inflation rate in India from 1987 to 2023, with projections up until 2029. The inflation rate is calculated using the price increase of a defined...
Annual and monthly inflation rates in India from 1958. Based upon the Consumer Price Index and indian rupee official data publications.
Dec 20, 2022 · With the onset of the war, the distribution of inflation was characterised by high mean rates, sequentially lower positive skew and relatively lower kurtosis, indicating that a sizeable number of sub-groups experienced high inflation rates and influenced the headline inflation rate.
Feb 20, 2024 · Inflation process in India has seen a drastic change since the early 2020, primarily driven by the spillovers from a series of global shocks unprecedented in recent times – that inter alia include COVID-19 and lockdowns, pent-up demand post-COVID lockdowns and the related supply-side disruptions, the conflict in Ukraine and adverse climate events.
