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A STUDY OF INFLATION IN INDIA

ABSTRACT
Inflation is defined as the sustained increase in the general price levels over
a long period of time of all goods and services. The aim of the research is to
study the impact of inflation in all the sectors of the economy. The
government of India and RBI makes necessary changes in the monetary and
fiscal policies to curb the negative impact of inflation in the economy. All the
sectors of the economy are affected by inflation whether rich or poor and
inappropriate decisions taken by the government widens the gap between
rich and poor which more adversely affects the whole economy. As inflation
rises the purchasing power of the people decreases which adversely affects
the growth rate of the economy.The two main factors responsible for inflation
are demand and supply. As demand by the consumers rises supply falls short
and prices tend to rise. In case of supply producers want to make more
profits therefore they raise the selling price of goods and services causing
inflation in the economy. India is an agricultural economy therefore the
impact of inflation in agriculture sector is directly reflected in the food prices
and as all other sectors are based on agriculture they also face the negative
impacts of inflation. The techniques used to study the impact of inflation in
the economy is explained in detail in the paper.

INTRODUCTION
Inflation refers to a situation when the there is an increase in the prices of general
goods and services resulting in the overall decline in the purchasing value of money.
Inflation is the percentage change in the value of the Wholesale Price Index (WPI) on a
year-on year basis. It effectively measures the change in the prices of a basket of goods
and services in a year.during inflation the prices of goods and services rises rapidly and
it in turns affect the real value of money.For example: If earlier 1kg of mangoes were
available for Rs 50 per kg and now due to inflation their price has gone up to Rs 70 per
kg than an individuals purchasing power has decreased because now he will get less
than 1kg of mangoes in 50 rupees. In India, inflation is calculated by taking the WPI as
base.Consumer prices in India increased 5.18 percent year-on-year in February of
2016, lower than 5.69 percent in January and below market expectations of 5.6 percent.
Consumer inflation eased for the first time in seven months, reaching the lowest since
October due a slowdown in food cost. Inflation Rate in India averaged 7.85 percent from
2012 until 2016, reaching an all time high of 11.16 percent in November of 2013 and a

record low of 3.69 percent in July of 2015. Inflation Rate in India is reported by the
Ministry of Statistics and Programme Implementation (MOSPI), India.

FACTORS AFFECTING INFLATION: DEMAND- PULL INFLATION


COST-PULL INFLATION

Demand-pull inflation occurs when aggregate demand for goods and


services in an economy rises more rapidly than an economys productive
capacity. One potential shock to aggregate demand might come from a
central bank that rapidly increases the supply of money. See Chart 1 for an
illustration of what will likely happen as a result of this shock. The increase in
money in the economy will increase demand for goods and services from D0
to D1. In the short run, businesses cannot significantly increase production
and supply (S) remains constant. The economys equilibrium moves from
point A to point B and prices will tend to rise, resulting in inflation.

Cost-push inflation, on the other hand, occurs when prices of


production process inputs increase. Rapid wage increases or rising raw
material prices are common causes of this type of inflation. The sharp
rise in the price of imported oil during the 1970s provides a typical
example of cost-push inflation (illustrated in Chart 2). Rising energy
prices caused the cost of producing and transporting goods to rise.
Higher production costs led to a decrease in aggregate supply (from S0
to S1) and an increase in the overall price level because the
equilibrium point moved from point Z to point Y.

RESEARCH PROBLEM
A stark dichotomy has emerged between Indian economic data and the
reality on the ground. In the latest example, the Reserve Bank kept interest
rates unchanged at its last monetary policy review earlier this month and
issued a dovish statement. Signs of an investment revival are meager and

consumption demand remains weak in strong contrast with the GDP growth
estimates of the government and the Central Bank.
Despite general optimism following the election of the NarendraModi
government last May, the pace of economic revival has been slow as both
investment and consumer demand remain weak.
Though the government projects GDP growth of 8-8.5 per cent for the fiscal
year, indicators such as rail traffic volumes, tractor sales and credit growth
all remain subdued. The supply-side response to even existing demand
conditions is inadequate owing to the lack of quick fixes to structural
problems such as the limited availability of land and the slow response of
government policy in sectors such as food.
Policy action must accelerate to ease supply bottlenecks for demand to pick
up meaningfully, inflation to subside sustainably and the economy to achieve
the growth forecast with the added complication of food supply being hit by
unseasonal rainfall in March.
Food inflation has been a problem in India since late 2009; and even though
its current level of 6.1 per cent year on year is lower than the double-digit
numbers of 2012 and 2013, it remains uncomfortably high and has
consistently exceeded headline consumer price index (CPI) inflation.
High food prices have important consequences for monetary policy in India
because of foods large weighting nearly 46 per cent in the consumer
basket. Spillover effects of high food prices, including rising wage levels and
the second-round impact on broader inflation, continue to keep the Reserve
Bank of India (RBI) wary about food inflation. RaghuramRajan, the RBI
governor, noted in his 7 April policy statement that food prices are a major
factor that he will bear in mind when determining the future course of
monetary policy.
Food prices are high not just because of short-term factors such as the
weather but owing to deep-rooted structural problems. A critical reform that
the government needs to undertake but is showing political unwillingness
to do so is the deregulation of urea prices.
Mispricing of urea and deregulated non-nitrogen fertilizers has led to urea
over-consumption and damaged soil productivity. Sustainable supply-side
measures are needed to contain longer-term price pressures; and some
reforms that have long been in the pipeline but not yet implemented include
the establishment of a national market for agricultural commodities, better

warehouse and cold storage facilities and increased opportunities for foreign
investment, including foreign direct investment (FDI) in multi-brand retail
chains.
More generally, only the governments economic reform agenda can help
India break out of its still relatively low growth-high inflation predicament;
progress on this front has been politically realistic but slow compared with
market expectations.
Almost 11 months after the election of Indias first majority government in 30
years on a reformist platform and amid the consequent high expectations of
a robust economic revival, the picture appears quite mixed. Sales growth in
the fast-moving consumer goods sector is sluggish.
Pitted against weak rural demand, continued delay in reviving infrastructure
investment and cutbacks in government is the clear and substantial
turnaround in Indias macroeconomic conditions due to factors such as the
fall in global oil prices, which has helped to lower inflation and given the
government more fiscal room for capital spending.
Lower commodity prices are helping corporate profit margins and the
benefits will likely be even greater in the coming quarters as the full impact
of the drop in prices is felt. Meanwhile, the government-led infrastructure
projects, if well executed, should have a positive spillover effect on the
broader infrastructure sector; and we expect increased infrastructure
spending in the medium to long term.
The governments policy reform programme is moving ahead with the
passing of bills liberalising the insurance and mining sectors and ending Coal
Indias four decade-long monopoly. The government is making efforts to
amend the Land Acquisition Bill to make it more business-friendly. However,
it faces significant political resistance from opposition parties which have a
majority in the upper house of the legislature which has the final say in the
passage of the bill.
Another important reform the rollout of the General Sales Tax is being
held up because of disagreements between the centre and the states over
how the latter will be compensated for any revenue losses arising from the
shift to this new tax regime.
Many of the problems the Indian economy faces from the limited
availability of land to the lack of good physical infrastructure are structural
in nature; and there can be no quick fixes to such issues. Meanwhile,

government policy reforms in other crucial areas, such as banking and


agriculture, have been disappointingly slow.
The road to an economic bounce-back is still a long one, and the investment
cycle needs to pick up if inflation is to be got under control sustainably and
higher consumer spending stimulated; sentiment on the ground indicates
that growth is closer to the previously estimated numbers of 5-6 per cent
whereas it needs to expand at 8-9 per cent for decades to provide adequate
employment opportunities for its young and growing workforce.
A well thought-out strategy to deal with food and banks is essential for India
to move to a sustained higher growth trajectory. As Rajan said in a television
interview this month; We have
a lot of low-hanging fruit to pick in India and the tragedy is we havent picked
them, so let us go about and pick them quickly.

DATA COLLECTION AND DATA ANALYSIS


Consumer prices in India increased 5.18 percent year-on-year in February of
2016, lower than 5.69 percent in January and below market expectations of 5.6
percent. Consumer inflation eased for the first time in seven months, reaching
the lowest since October due a slowdown in food cost. Inflation Rate in India
averaged 7.85 percent from 2012 until 2016, reaching an all time high of 11.16
percent in November of 2013 and a record low of 3.69 percent in July of 2015.
Inflation Rate in India is reported by the Ministry of Statistics and Programme
Implementation (MOSPI), India.

Actual

Previous

Highest

Lowest

Dates

Unit

Frequency

5.18

5.69

11.16

3.69

2012 - 2016

percent

Monthly

2012=100

In 2013, the consumer price index replaced the wholesale price index (WPI) as a main measure of
inflation. In India, the most important category in the consumer price index is Food and beverages
(45.86 percent of total weight). Housing accounts for 10 percent; Transport and communication for
8.6 percent; Fuel and light for 6.84 percent; Clothing and footwear for 6.5 percent; Medical care for
5.9 percent and education for 4.5 percent. Consumer price changes in India can be very volatile due
to dependence on energy imports, the uncertain impact of monsoon rains on its large farm sector,
difficulties transporting food items to market because of its poor roads and infrastructure and high
fiscal deficit. This page provides - India Inflation Rate - actual values, historical data, forecast, chart,
statistics, economic calendar and news. India Inflation Rate - actual data, historical chart and
calendar
of
releases
was
last
updated
on
April
of
2016.

Calendar

GMT

Reference

Actual

Previous

2016-01-12

12:00 PM

Dec

5.61%

5.41%

5.60%

5.5%

2016-02-12

12:00 PM

Jan

5.69%

5.61%

5.40%

5.53%

2016-03-14

12:00 PM

Feb

5.18%

5.69%

5.6%

5.63%

2016-04-12

12:00 PM

Mar

5.18%

Consensus

Forecast

5.17%

Calendar

GMT

Reference

Actual

Previous

Consensus

Forecast

2016-05-12

12:00 PM

Apr

5.49%

2016-06-13

12:00 PM

May

5.5%

India Consumer Inflation Slows in February


Consumer prices in India increased 5.18 percent year-on-year in February of 2016, lower than
5.69 percent in January and below market expectations of 5.6 percent. Consumer inflation
eased for the first time in seven months, reaching the lowest since October due a slowdown
in
food
cost.
Year-on-year, cost of food and beverages rose 5.52 percent (6.66 percent in January), provisional
estimates showed. The food alone index rose at a slower 5.3 percent compared to 6.85 percent in
the previous month. The biggest rise came from pulses (up 38.3 percent from 43.32 percent in the
previous month), followed by spices (9.87 percent from 10.56 percent in the previous month) and
meat and fish (7.27 percent from 8.23 percent in the previous month). Prices of vegetables rose a
meager 0.7 percent (6.39 percent in the previous month) while fruits went down 0.72 percent (-0.24
percent in the previous month).
Cost of clothing and footwear went up 5.52 percent year-on-year (5.71 percent in January); fuel and
light rose 4.59 percent (5.32 percent in January); and housing prices increased 5.33 percent (5.26
percent in December).
The corresponding provisional inflation rates for rural and urban areas are 5.97 percent and 4.3
percent.
A year ago, the inflation rate was 5.37 percent.
Joana
3/14/2016

Recent

Taborda

|
12:34:06

joana.taborda@tradingeconomics.com
PM

Releases

India
Consumer
Inflation
Slows
in
February
Consumer prices in India increased 5.18 percent year-on-year in February of 2016, lower than 5.69
percent in January and below market expectations of 5.6 percent. Consumer inflation eased for the
first time in seven months, reaching the lowest since October due a slowdown in food cost.

Published

on

2016-03-14

India
Consumer
Inflation
Rises
to
17-Month
High
Consumer prices in India went up 5.69 percent year-on-year in January of 2016, higher than 5.61
percent in December of 2015 and accelerating for the sixth straight month. It is the highest figure
since August of 2014 and above market expectations of 5.4 percent. Food inflation increased to 6.85
percent from 6.4 percent in December, also the highest in seventeen months.
Published

on

2016-02-12

India
Consumer
Inflation
Rate
at
15-Month
High
Consumer prices in India rose 5.61 percent year-on-year in December of 2015, accelerating for the
fifth straight month and reaching the highest since September of 2014, in line with market
expectations. Food inflation was 6.4 percent, up from 6.07 percent in November.
Published

on

2016-01-12

India
Consumer
Inflation
Quickens
to
13-Month
High
Consumer prices in India grew 5.41 percent year-on-year in November of 2015, higher than a 5
percent rise in October and in line with market expectations. It is the highest inflation rate since
October
of
2014
boosted
by
a
surge
in
food
cost.
Published

on

2015-12-14

India
Consumer
Inflation
Quickens
to
5%
Consumer prices in India grew 5 percent year-on year in October of 2015, compared to 4.41 percent
in September. It is the highest inflation rate in in four months boosted by higher than expected rise in
cost
of
food.
Published

on

2015-11-12

India
Consumer
Inflation
Above
Forecasts
Consumer prices in India increased 4.41% yoy in September, following an upwardly revised 3.74%
rise in August. It is the highest inflation rate in three months driven by food prices.
Published

on

2015-10-12

India
Inflation
Rate
Falls
to
Fresh
Record
Low
Consumer prices in India increased 3.66 percent year-on-year in August of 2015, slowing slightly
from a revised 3.69 percent rise in July and in line with market expectations. The inflation rate fell to
a fresh record low in August, staying below the central banks 6 percent target for the 11th month in a
row.
Published

on

2015-09-14

Inflation
Rate
in
India
At
Record
Low
in
July
Consumer prices in India increased 3.8 percent year-on-year in July of 2015, down from 5.4 percent
reported in May. It is the lowest figure on record as food cost rose at a slower pace.
Published

on

2015-08-12

India's
Inflation
Rate
at
8-Month
High
Consumer prices in India increased 5.4 percent year-on-year in June of 2015, compared to 5.01
percent in May. It is the highest figure since October last year due to stronger rise in food prices.
Published

on

2015-07-13

India
Consumer
Inflation
Rises
to
5.01%
in
May
Consumer prices in India increased 5.01 percent year-on-year in May of 2015, compared to 4.87
percent in April. The figure matched market expectations as cost of transport rose and prices of fuel
and
light
advanced
at
a
faster
pace.
Published

on

2015-06-12

India
Consumer
Inflation
Falls
to
5-Month
Low
CPI inflation in India slowed for the second consecutive month to 4.87 percent in April of 2015 from
an upwardly revised 5.25 percent in March, dragged down by lower food prices.
Published

on

2015-05-12

India
Consumer
Inflation
Slows
Slightly
India annual CPI inflation decreased to 5.17 percent in March of 2015 from 5.37 percent in February,
below market expectations. It is the lowest rate in three months due to a slowdown in food cost.
Published

on

2015-04-13

India
Consumer
Inflation
At
4-Month
High
India CPI inflation increased to 5.37 percent in February of 2015 from a revised 5.19 percent in the
previous
month
driven
by
higher
food
prices.
Published

on

2015-03-12

India
Consumer
Inflation
Rises
on
New
Base
Year
India CPI inflation rose for the second consecutive month to 5.11 percent in January from 5 percent
in the previous month, after the country changed the base year for calculating consumer prices.
Published

on

2015-02-12

India
Consumer
Inflation
Climbs
to
5%
Indian CPI inflation increased for the first time in five months to 5 percent in December of 2014 from
a record-low of 4.38 percent the previous month and driven by higher food prices.
Published

on

2015-01-12

India
Consumer
Inflation
at
4.38%
Indian consumer inflation slowed for the fourth straight month to a fresh record-low of 4.38 percent in
November
as
food
prices
kept
its
downward
trend.
Published

India

on

Consumer

Inflation

2014-12-12

Beats

Expectations

Indian consumer inflation eased to a new record-low of 5.52 percent in October of 2014 as food
prices
slowed
sharply.
Published

on

2014-11-14

India
Consumer
Inflation
Down
to
Record
Low
Indian consumer inflation slowed for the second consecutive month to 6.46 percent in September of
2014, from a revised 7.73 percent in August. It is the lowest rate on record mainly driven by lower
food
prices.
Published

on

2014-10-13

India
Consumer
Inflation
Edges
Down
in
August
Indian consumer prices rose by an annual 7.8 percent in August of 2014, slowing slightly from 7.96
percent in July. Provisional estimates showed the annual food inflation accelerated to 9.42 percent.
Published

on

2014-09-12

India
Inflation
Rate
Surges
in
July
Indian annual inflation rate accelerated to 7.96 percent in July of 2014 from 7.31 percent in the
previous
month
driven
by
higher
food
prices.
Published

on

2014-08-12

India
Consumer
Inflation
Down
to
Record
Low
Indian consumer prices rose by an annual 7.31 percent in June of 2014, the lowest rate on record.
The inflation rate slowed for the second straight month, due to lower food prices.
Published

on

2014-07-14

India
Consumer
Inflation
Declines
in
May
Indian annual consumer prices decelerated to 8.28 percent in May of 2014 from 8.59 percent in
April. It is the lowest rate in three months as food prices slowed slightly.
Published

on

2014-06-12

India
Consumer
Inflation
Up
to
3-Month
High
Indian annual consumer prices accelerated for the second straight month to 8.59 percent in April of
2014, from 8.31 percent in March, driven by higher cost of fruits and vegetables.
Published

on

2014-05-12

India
Consumer
Inflation
Edges
Up
in
March
Indian annual consumer prices accelerated in March for the first time in four months to 8.31 percent,
up from a revised 8.03 percent in February, driven by higher food prices.
Published

on

2014-04-15

India
Consumer
Inflation
Edges
Down
in
February
Indian annual inflation rate slowed to a 25-month low of 8.1 percent in February of 2014. Provisional
figures
showed
prices
of
vegetables
eased
the
most
on
the
year.

Published

on

2014-03-12

India
Consumer
Inflation
Slows
to
24-Month
Low
In January of 2014, Indian consumer price inflation decelerated to 8.79 percent, the lowest annual
rate
since
January
of
2012,
due
to
lower
food
prices.
Published

on

2014-02-12

Indian
WPI
Slows
to
5-Month
Low
in
December
In December of 2013, Indian headline inflation rate slowed to 6.16 percent, the lowest rate in five
months as vegetable prices, mainly onions, slowed due to a new harvest. On a monthly basis, prices
fell
1.27
percent.
Published

on

2014-01-15

Indian
WPI
Inflation
Rises
to
14-Month
High
in
November
In November, India's headline inflation rate edged up to 7.5 percent, from 7.0 percent a month
earlier. Prices rose at its faster pace since September of 2012 mainly due to higher food articles and
energy
costs.
Published

on

2013-12-16

Indian
Wholesale
Inflation
Accelerates
to
7%
in
October
In October of 2013, Indias annual headline inflation rose for the fifth straight month to an eightmonth high of 7 percent, mainly due to higher prices of fuel and manufactured goods.
Published

on

2013-11-14

Indian
Inflation
Speeds
Up
to
7-Month
High
in
September
In September, India's headline inflation rate based on monthly WPI rose to 6.5 percent from 6.1
percent in August, hitting its highest level since February of 2013. The speed up is broadly due to
higher
prices
for
food.
Published

on

2013-10-14

Indian
Inflation
Rate
Rises
to
6.1%
in
August
In August, India's headline inflation rate, based on monthly WPI, rose to 6.10 percent from 5.79
percent in July and is the highest in six months. The speed up is mainly due to higher prices for food
and
energy.
Published

on

2013-09-16

Indian
Inflation
Rises
to
5-Month
High
in
July
In July, India's headline inflation rate, based on monthly WPI, rose to 5.79 percent from 4.86 percent
in June, mainly driven by higher food prices and more expensive imports due to a falling rupee.
Published

on

2013-08-14

India's
Annual
Inflation
Rate
Up
to
4.86%
in
June
India's annual rate of inflation, based on monthly WPI, quickened to 4.86 percent in June as

compared
Published

to

4.70

percent

in

May
on

due

to

higher

cost

of

food.

2013-07-15

India's
Inflation
Slows
to
4.7%
in
May
India's annual rate of inflation, based on the Wholesale Price Index, stood at 4.70 percent
(provisional) for the month of May as compared to 4.9 percent in the previous month, the lowest level
in
more
than
three
years.
Published

on

2013-06-14

India
Inflation
Rate
Down
to
4.9%
in
April
The annual rate of inflation, based on monthly WPI, stood at 4.89 percent for the month of April 2013
(over April 2012) as compared to 5.96 percent for the previous month and 7.50 percent during the
corresponding month of the previous year. Build up inflation rate in the financial year so far was 0.53
percent compared to a build up rate of 1.55 percent in the corresponding period of the previous year.
Published

on

2013-05-14

India
Inflation
Rate
Down
to
5.96%
in
March
The annual rate of inflation, based on monthly WPI, stood at 5.96 percent for the month of March,
2013 (over March, 2012) as compared to 6.84 percent for the previous month and 7.69 percent
during the corresponding month of the previous year. Build up inflation rate in the financial year so far
was 5.96 percent compared to a build-up rate of 7.69 percent in the corresponding period of the
previous
year.
Published

on

2013-04-15

India
Inflation
Rate
Up
tp
6.84%
in
February
The annual rate of inflation, based on monthly WPI, stood at 6.84% (Provisional) for the month of
February, 2013 (over February, 2012) as compared to 6.62% (Provisional) for the previous month
and 7.56% during the corresponding month of the previous year. Build up inflation in the financial
year so far was 5.71% compared to a build up of 6.56% in the corresponding period of the previous
year.
Published

on

2013-03-14

India
Inflation
Slows
to
6.62
Percent
in
January
of
2013
The annual rate of inflation, based on monthly WPI, stood at 6.62% for the month of January of 2013
(over January of 2012) as compared to 7.18% for the previous month and 7.23% during the
corresponding month of the previous year. Build up inflation in the financial year so far was 5.09%
compared to a build up of 6.15% in the corresponding period of the previous year.
Published

on

2013-02-14

India
Inflation
Rate
at
7.18
Percent
in
December
The annual rate of inflation, based on monthly WPI, stood at 7.18 percent for the month of December
of 2012 over December of 2011 as compared to 7.24 percent for the previous month and 7.74
percent
during
the
corresponding
month
of
the
previous
year.

Published

on

2013-01-14

India
Inflation
Down
to
7.24
Percent
in
November
The annual rate of inflation, based on monthly WPI, stood at 7.24 percent (Provisional) for the month
of November, 2012 (over November, 2011) as compared to 7.45 percent (Provisional) for the
previous month and 9.46 percent during the corresponding month of the previous year. Build up
inflation in the financial year so far was 4.84 percent compared to a build up of 5.28 percent in the
corresponding
period
of
the
previous
year.
Published

on

2012-12-14

India
Annual
Inflation
Rate
Down
to
7.45
Percent
in
October
The annual rate of inflation, based on monthly WPI, stood at 7.45 percent (Provisional) for the month
of October, 2012 (over October, 2011) as compared to 7.81 percent (Provisional) for the previous
month and 9.87 percent during the corresponding month of the previous year.
Published

on

2012-12-12

India's
Inflation
Rate
Declines
India's inflation rate fell the most in at least 18 years, increasing speculation the central bank may
make further unscheduled interest-rate cuts to shield the economy from a global slowdown.
Published

on

2008-11-13

India
Inflation
Rate
Holds
Near
Lowest
in
Five
Months
India's inflation held near a five- month low, validating the central bank's decision to reduce interest
rates
to
bolster
economic
growth.
Published

on

2008-11-06

India
Inflation
Is
Under
11%
India's inflation rate fell below 11 percent for the first time since May, giving the central bank room to
reduce
interest
rates.
Published

on

2008-10-31

India's
Inflation
Slows
India's inflation slowed more than economists expected to a four-month low, vindicating the central
bank's decision this week to cut interest rates to shore up a slowing economy.
Published

on

2008-10-23

India's
Inflation
Holds
Near
Lowest
Level
in
5
Weeks
India's inflation held near a five- week low, giving the central bank room to keep borrowing costs
unchanged and avoid placing funding pressures on lenders spooked by the U.S. financial meltdown.
Published

on

2008-09-26

India's
Inflation
Slows
for
a
Third
Week
India's inflation slowed for a third straight week, signaling that the central bank's three interest-rate

increases

since

early

June

Published

are

beginning

to

on

work.
2008-09-15

India's
Inflation
Rate
Near
Highest
in
16
Years
India's inflation held near a 16- year high as floods in half the country damaged crops and disrupted
food
supplies.
Published

on

2008-08-28

India
Inflation
Accelerates
to
16-Year
High
of
12.63%
India's inflation accelerated to the fastest pace in more than 16 years, increasing the likelihood the
central
bank
will
raise
interest
rates
for
a
fourth
time
since
June.
Published

on

2008-08-25

Inflation
in
India
rises
to
11.91%
Inflation in India escalated to 11.91 per cent, a 13 year high during the week ended in July 5.The
Whole Price Index based inflation was as low as 4.46 per cent in January and slowly increased to
5.27 per cent in February, 7.25 per cent in March and 7.41 per cent in April.
Published

on

2008-07-27

India Prices

Last

Previous

Highest

Lowest

Unit

Inflation Rate

5.18

5.69

11.16

3.69

percent

[+

Consumer Price Index CPI

125.90

126.30

126.60

86.81

Index Points

[+

GDP Deflator

119.50

118.30

146.50

100.00

Index Points

[+

Producer Prices

174.00

175.70

185.90

97.50

Index Points

[+

Producer Prices Change

-6.40

-0.90

34.68

-11.31

percent

[+

Export Prices

300.00

312.00

312.00

100.00

Index Points

[+

Import Prices

518.00

518.00

518.00

100.00

Index Points

[+

Food Inflation

5.30

6.85

14.72

2.15

percent

[+

Cpi Transportation

111.30

111.10

113.10

103.20

Index Points

[+

Inflation Rate Mom

-0.32

0.16

1.77

-1.00

percent

[+