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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).
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 ...
The sources for this dataset are Prices and Wages in India, 1595-1930 for 1595 to 1872, Nominal Wage, Cost of Living and Real Wage Data for India 1873-1939 and Land Prices for the Punjab 1871-1939 for 1873 to 1919, Inflation 1800-2000 from 1920 to 1953, and Historic inflation India - CPI inflation from 1954 to 2023.
The almost three dozen charts and explanations tell the story of a strong market and economy carrying momentum into 2024, despite stumbles seen very early in the year.
A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...
The 1990s began with elevated inflation rates due to financial crashes and the Persian Gulf War, though rates would fall below 3% from 1994 to the end of the decade. 1990 : 5.4% 1991 : 4.2%
For a continuous duration of nearly 1700 years from the year 1 CE, India was the world's largest economy, constituting 35 to 40% of the world GDP. [107] The combination of protectionist, import-substitution, Fabian socialism, and social democratic-inspired policies governed India for sometime after the end of British rule.
In India, a total of 697 commodities data on price level is tracked through WPI which is an indicator of movement in prices of commodities in all trade and transactions. It is also the price index which is available on a weekly basis with the shortest possible time lag only two weeks. [17] Base year to calculate WPI is 2011-2012=100