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The annual inflation rate in India was recorded at 6.95% in 2023. Historically, from 1960 until 2023, the annual inflation rate in India averaged 7.37% reaching an all-time high of 28.60% in 1974 and a record low of -7.63% in 1976. The inflation rate for Primary Articles is currently at 9.8% (as of 2012).
In November 2022, the year-over-year inflation rate was 7.1%, the lowest it has been since December 2021 but still much higher than average. [ 156 ] Inflation is believed to have played a major role in a decline in the approval rating of President Joe Biden , who took office in January 2021, being net negative starting in October of that year ...
World map by inflation rate (consumer prices), 2023, according to World Bank This is the list of countries by inflation rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Inflation rate is defined as the annual percent change in consumer prices compared with the previous year's consumer prices. Inflation is a positive value ...
In 2021, wholesale prices rose by nearly 10%. Built-in inflation: As demand-pull and cost-push inflation reduce household buying power, workers seek higher wages to maintain their lifestyles ...
Defence expenditure was pegged at US$70.12 billion for fiscal year 2022–23 and, increased 9.8% than previous fiscal year. [273] India is the world's second largest arms importer; between 2016 and 2020, it accounted for 9.5% of the total global arms imports. [274] India exported military hardware worth ₹ 159.2 billion (US$1.8 billion) in the ...
The study data suggested the 2022 COLA lagged behind ongoing rates of inflation by nearly 50%, on average. ... that showed the 2022 COLA of 5.9% “fell short of actual inflation every month ...
The document is the Ministry's view [clarification needed] on the state of the economy of the country. This document of the Ministry, the Economic Survey of India reviews the developments in the Indian economy over the past financial year, summarizes the performance on major development programs, and highlights the policy initiatives of the government and the prospects of the economy in the ...
Inflation picked up speed in December as the U.S. economy showed unexpected signs of strength at the end of 2024. The consumer price index (CPI) rose 0.4 percent in the final month of 2024 and ...