Current
3.00%
Latest reading
India
IN cpi YOY
India inflation profileA fast-growing economy where food, fuel and rural demand carry heavy weight in the inflation story.
Period High
19.46%
Below peak
Period Low
0.40%
Trending down
Net Change
-41.5%
Over selected period
| Date | Metric | Value | MoM Change |
|---|---|---|---|
| 2025-03 | CPI | 3.00% | ▼ 0.48 |
| 2025-02 | CPI | 3.48% | ▼ 1.41 |
| 2025-01 | CPI | 4.89% | ▼ 2.30 |
| 2024-12 | CPI | 7.19% | ▲ +0.98 |
| 2024-11 | CPI | 6.21% | ▲ +0.30 |
| 2024-10 | CPI | 5.91% | ▲ +0.24 |
| 2024-09 | CPI | 5.67% | ▲ +0.13 |
| 2024-08 | CPI | 5.54% | ▲ +0.93 |
| 2024-07 | CPI | 4.61% | ▼ 0.48 |
| 2024-06 | CPI | 5.09% | ▼ 3.02 |
| 2024-05 | CPI | 8.11% | ▼ 0.22 |
| 2024-04 | CPI | 8.33% | ▲ +2.97 |
| 2024-03 | CPI | 5.36% | ▲ +1.07 |
| 2024-02 | CPI | 4.29% | ▲ +1.49 |
| 2024-01 | CPI | 2.80% | ▲ +0.15 |
| 2023-12 | CPI | 2.65% | ▼ 2.89 |
| 2023-11 | CPI | 5.54% | ▼ 0.28 |
| 2023-10 | CPI | 5.82% | ▲ +1.27 |
| 2023-09 | CPI | 4.55% | ▼ 2.01 |
| 2023-08 | CPI | 6.56% | ▼ 0.02 |
| 2023-07 | CPI | 6.58% | ▼ 3.55 |
| 2023-06 | CPI | 10.13% | ▼ 0.63 |
| 2023-05 | CPI | 10.76% | ▲ +1.19 |
| 2023-04 | CPI | 9.57% | ▼ 0.62 |
| 2023-03 | CPI | 10.19% | ▲ +0.70 |
| 2023-02 | CPI | 9.49% | ▲ +0.51 |
| 2023-01 | CPI | 8.98% | ▼ 0.79 |
| 2022-12 | CPI | 9.77% | ▼ 5.03 |
| 2022-11 | CPI | 14.80% | ▲ +3.13 |
| 2022-10 | CPI | 11.67% | ▲ +1.72 |
| 2022-09 | CPI | 9.95% | ▲ +1.57 |
| 2022-08 | CPI | 8.38% | ▲ +2.88 |
| 2022-07 | CPI | 5.50% | ▼ 0.36 |
| 2022-06 | CPI | 5.86% | ▼ 0.55 |
| 2022-05 | CPI | 6.41% | ▲ +0.03 |
| 2022-04 | CPI | 6.38% | ▲ +1.17 |
| 2022-03 | CPI | 5.21% | ▲ +0.75 |
| 2022-02 | CPI | 4.46% | ▼ 0.13 |
| 2022-01 | CPI | 4.59% | ▲ +1.77 |
| 2021-12 | CPI | 2.82% | ▼ 0.08 |
| 2021-11 | CPI | 2.90% | ▼ 1.05 |
| 2021-10 | CPI | 3.95% | ▲ +0.07 |
| 2021-09 | CPI | 3.88% | ▼ 1.18 |
| 2021-08 | CPI | 5.06% | ▲ +0.76 |
| 2021-07 | CPI | 4.30% | ▲ +1.08 |
| 2021-06 | CPI | 3.22% | ▼ 1.85 |
| 2021-05 | CPI | 5.07% | ▲ +4.67 |
| 2021-04 | CPI | 0.40% | ▼ 6.07 |
| 2021-03 | CPI | 6.47% | ▼ 12.99 |
| 2021-02 | CPI | 19.46% | ▲ +9.86 |
| 2021-01 | CPI | 9.60% | ▲ +4.17 |
| 2020-12 | CPI | 5.43% | ▼ 4.10 |
| 2020-11 | CPI | 9.53% | ▲ +0.98 |
| 2020-10 | CPI | 8.55% | ▼ 0.31 |
| 2020-09 | CPI | 8.86% | ▼ 1.79 |
| 2020-08 | CPI | 10.65% | ▲ +0.81 |
| 2020-07 | CPI | 9.84% | ▼ 1.18 |
| 2020-06 | CPI | 11.02% | ▲ +1.88 |
| 2020-05 | CPI | 9.14% | ▲ +4.01 |
| 2020-04 | CPI | 5.13% | ■ 0.00 |
Secular Data Trend Diagnosis
India still has the highest CPI reading in this group
India CPI is shown at 4.9% for 2026-03. That is lower than the 6.7% high in the displayed series, but it remains higher than most other country pages in this template. The story is not runaway inflation, and it is not fully calm either. Food, fuel and rural demand can keep the headline sensitive even when the recent direction is slightly cooler.
The GDP reference shows a larger output base, but it is older
The GDP reference is 42.57T for 2023 Q3, rising from 39.00T in the displayed observations. That gives useful growth context, but it is not as fresh as the 2026-03 CPI reading. For India, the safest reading is that output had been moving higher in the GDP series, while the current CPI line remains the more timely measure of household price pressure.
Food prices can quickly change the mood
India's inflation profile is often food-sensitive. A good harvest, weather disruption, fuel cost change or supply bottleneck can move the household experience faster than a broad chart suggests. The latest CPI value of 4.9% is below the 6.7% high, but still high enough that a small food shock could matter to consumers who spend a large share of income on essentials.
Growth can make inflation easier to absorb, but not painless
A rising GDP reference helps explain why demand can stay firm even when CPI is elevated. That does not mean inflation is harmless. If wages and incomes lag food or fuel costs, households still feel squeezed. The page should be read as a balance: growth context is constructive, while the 4.9% CPI reading still deserves attention.
The period range shows moderation, not a full reset
The displayed CPI path moves from 5.1% to a 6.7% high before easing to 4.9%. That is a moderation, but it is not a return to very low inflation. The high-low cards help users avoid treating the latest reading as either a crisis or a victory. It is a still-elevated number that has cooled from the worst point in this series.
CPI carries the household story
GDP tells readers about output scale. CPI tells them what households are feeling through food, transport, rent and daily services. In India, the latest CPI reading is the more immediate signal because the GDP reference is from 2023 Q3. Users comparing the two should keep that timing difference in mind instead of assuming both indicators describe the same moment.
The page needs to respect household sensitivity
A 4.9% CPI reading can mean something different in India than in a richer, lower-food-share economy. Food and fuel can take a larger share of attention, so even a moderate decline from the 6.7% high may not feel like enough relief. The copy should speak to that practical concern without becoming alarmist. It is a higher-inflation page within this group, but the series also shows cooling from the peak.
The data timing should stay transparent
India's GDP reference is 2023 Q3, while CPI is shown for 2026-03. That gap does not make the GDP number useless, but it does limit what the page should claim. The cleanest interpretation is that GDP gives a recent historical growth backdrop, while CPI gives the fresher household price signal. Clear timing keeps the page useful and avoids overstating the connection between the two indicators.
What to watch next
The next useful signs are food inflation, fuel costs and whether the CPI line moves toward or away from the 6.7% high. If CPI keeps easing while growth context remains firm, India will look more balanced. If food prices push the headline back up, the page will again read as a cost-of-living pressure story even if GDP remains supportive. This matters for SEO because users often search India inflation after seeing a food or fuel headline. They need the latest CPI value, but they also need to know how it sits against the 6.7% high and why the GDP date is different. The page now gives that context directly, without turning the data into advice or a prediction. That timing note is part of the answer.
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Frequently Asked Questions
Why is food so important in India CPI? +
India CPI is shown at 4.9% for 2026-03, down from a 6.7% high but still higher than most countries in this dataset. That means inflation has eased, yet household price pressure remains worth watching.
How does fuel pass through? +
Food matters because it can carry a large share of household spending and can change quickly with weather, supply and fuel costs. A 4.9% headline can feel much higher if food categories are doing most of the moving.
Why use nominal GDP here? +
The GDP reference is 42.57T for 2023 Q3, up from 39.00T in the series. It shows a larger output base, but it is older than the CPI update, so it should be treated as background context.
What role does monsoon risk play? +
Growth can help households absorb inflation when incomes are rising, but it does not erase cost pressure. If CPI stays near 4.9%, food and fuel prices can still matter even with a stronger GDP backdrop.
How should monthly changes be read? +
The chart shows moderation from 6.7% to 4.9%, not a full reset to very low inflation. The table helps confirm whether the latest values continue that cooling path or start moving up again.