What is India's inflation rate?

Average Inflation Rate in India

The country's retail inflation, which is measured by the consumer price index (CPI), accelerated to 6.50% in Jan. 2023. Inflation data on the wholesale Price Index (WPI), which calculates the overall prices of goods before selling at retail prices, eased to 4.73% during the period.

What is India's inflation rate 2022?

The rate of inflation based on WPI Food Index increased from 0.65% in December, 2022 to 2.95% in January, 2023.

Is inflation very high in India?

Inflation in India —with the consumer price index at 6.7% in July 2022 — is well above the Reserve Bank of India's (RBI's)upper tolerance level of 6%.

What is inflation in USA now?

US Inflation Rate is at 6.45%, compared to 7.11% last month and 7.04% last year. This is higher than the long term average of 3.27%.

What is inflation today in USA?

US Inflation Rate Slows to 6.5% as Expected

The annual inflation rate in the US slowed for a sixth straight month to 6.5% in December of 2022, the lowest since October of 2021, in line with market forecasts.

Current Inflation Rate In India?

What is the inflation rate in China?

In January 2023, the monthly inflation rate in China ranged at 2.1 percent compared to the same month in the previous year. Inflation peaked at 2.8 percent in September 2022, but has slightly eased recently. The annual average inflation rate in China ranged at 2.0 percent in 2022.

What is the highest inflation rate ever in India?

During the observation period from 1960 to 2021, the average inflation rate was 7.5% per year. Overall, the price increase was 7,704.85%. An item that cost 100 rupees in 1960 costs 7,804.85 rupees at the beginning of 2022. For December 2022, the year-over-year inflation rate was 5.5%.

How is the Indian economy doing right now?

In September 2022, the gross Goods and Services Tax (GST) revenue collection stood at Rs. 147,686 crore (US$ 17.92 billion). Between April 2000-June 2022, cumulative FDI equity inflows to India stood at US$ 604,996 million. In August 2022, the overall IIP (Index of Industrial Production) stood at 131.3.

Why does India have so much inflation?

The supply side inflation is a key ingredient for the rising inflation in India. The agricultural scarcity or the damage in transit creates a scarcity causing high inflationary pressures. Similarly, the high cost of labor eventually increases the production cost and leads to a high price for the commodity.

Is India in inflation or deflation?

India's wholesale inflation eased to 12.41% in August 2022 compared to 13.93% month on month. To know more on India's inflation rate, read our story on Inflation rate in India for more such details. In India, the inflation is measured on the basis of Wholesale Price Index (WPI) and Consumer Price Index (CPI).

What is the inflation rate for 2022 in USA?

Consumer prices up 9.1 percent over the year ended June 2022, largest increase in 40 years : The Economics Daily: U.S. Bureau of Labor Statistics.

Is inflation increasing or decreasing in India?

India Inflation Rate Rises More than Expected

The annual consumer price inflation in India accelerated to 6.52% in January of 2023, the highest in three months, compared to 5.72% in December, and above market forecasts of 5.9%. Inflation moved back to above the Reserve Bank of India target of 2-6%.

What is Russian inflation?

The annual inflation rate in Russia edged down to 11.8 percent in January of 2023 from 11.9 percent in December, missing market expectations of 11.5 percent. Still, it is the ninth consecutive month of a slowdown in inflation to its lowest since February last year.

What is Japan's inflation rate?

Japan Inflation Rate is at 4.00%, compared to 3.80% last month and 0.80% last year. This is higher than the long term average of 2.41%.

What is the current inflation rate in Russia?

In January 2023, the inflation rate in Russia stood at nearly 11.8 percent compared to the same month of the previous year. The figure marked a decrease from April 2022, when it stood at almost 18 percent.

What is inflation in Afghanistan?

Inflation Rate in Afghanistan averaged 6.67 percent from 2005 until 2022, reaching an all time high of 47.83 percent in May of 2008 and a record low of -18.37 percent in May of 2009.

What is Bangladesh inflation rate?

The annual inflation rate in Bangladesh eased for the fifth consecutive month to 8.57 percent in January 2023 from 8.71 percent in December.

What is Sri Lanka inflation rate?

Sri Lanka's key inflation rate eased for the fourth straight month to 54.2 percent in January of 2023, the lowest since May of 2022, compared to 57.2 percent in December of 2022. Core inflation, which excludes volatile items, dropped to 45.6 percent from 47.7 percent in the previous month.

What is Canada's inflation rate today?

The Consumer Price Index (CPI) rose 6.3% year over year in December, following a 6.8% increase in November. Excluding food and energy, prices rose 5.3% on a yearly basis in December, following a gain of 5.4% in November.

Who benefits from inflation?

Collectors. Historically, collectibles like fine art, wine, or baseball cards can benefit from inflationary periods as the dollar loses purchasing power. During high inflation, investors often turn to hard assets that are more likely to retain their value through market volatility.

What is the highest Inflation Rate in US history?

In 2022 in the wake of the COVID-19 pandemic, inflation reached 8.5%, its highest rate since 1982.