What is inflation rate in India for last 5 years?

Inflation Rate in India averaged 6.04 percent from 2012 until 2023, reaching an all time high of 12.17 percent in November of 2013 and a record low of 1.54 percent in June of 2017.

What was the inflation rate for the past 5 years?

U.S. inflation rate for 2021 was 4.70%, a 3.46% increase from 2020. U.S. inflation rate for 2020 was 1.23%, a 0.58% decline from 2019. U.S. inflation rate for 2019 was 1.81%, a 0.63% decline from 2018. U.S. inflation rate for 2018 was 2.44%, a 0.31% increase from 2017.

What is the inflation rate of India in last 3 years?

India inflation rate for 2021 was 5.13%, a 1.49% decline from 2020. India inflation rate for 2020 was 6.62%, a 2.89% increase from 2019. India inflation rate for 2019 was 3.73%, a 0.21% decline from 2018. India inflation rate for 2018 was 3.94%, a 0.61% increase from 2017.

What is India's inflation rate over years?

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%.

What is the expected inflation rate for the next 5 years in India?

Inflation Rate in India is expected to be 6.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Inflation Rate is projected to trend around 4.10 percent in 2024 and 4.30 percent in 2025, according to our econometric models.

Current Inflation Rate In India?

What is inflation rate in India last 10 years?

Inflation Rate in India averaged 6.04 percent from 2012 until 2023, reaching an all time high of 12.17 percent in November of 2013 and a record low of 1.54 percent in June of 2017. This page provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

What is India's 2022 inflation?

Final index for the month of November, 2022 (Base Year: 2011-12=100): For the month of November, 2022 the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 152.5 and 6.12% respectively.

Is inflation too 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%.

Is inflation a problem in India?

As a result, India is importing high global inflation. This problem could intensify, if the rupee depreciates further, as advanced country central banks continue to tighten monetary conditions by raising interest rates. Finally, cereal inflation remains exceptionally high, at 13%.

What is the inflation rate for the last 10 years?

Over the past 10 years, inflation has averaged 1.88%. 2022 showed an annual inflation rate of 8%. The U.S. experienced deflation in the 1930s and high rates of inflation in the 1970s and early 1980s.

What is inflation today in USA?

US Inflation Rate is at 6.41%, compared to 6.45% last month and 7.48% last year. This is higher than the long term average of 3.28%.

What is the highest inflation in US history?

As the war ended, the Fed didn't tighten interest rates, and people rushed to buy goods that had been rationed as businesses raised prices in response. By 1917, inflation peaked at nearly 20%. Inflation lasted until the depression of 1920, when deflation began.

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 was the highest inflation rate ever in the world?

The Post-World War II hyperinflation of Hungary held the record for the most extreme monthly inflation rate ever – 41.9 quadrillion percent (4.19 × 10¹⁶%; 41,900,000,000,000,000%) for July 1946, amounting to prices doubling every 15.3 hours.

What country has crazy inflation?

The July 2018 inflation rate in Zimbabwe was officially 4.3% (up from 2.9% in June). In June 2019, the official inflation rate was 97.9%. In 2022, it was reported that the inflation rate quickened to 96.4% in April, from 60.6% in January. Zimbabwe's government ordered banks to stop lending with immediate effect.

Which country has lowest inflation?

Of the major developed and emerging economies, China was the country with the lowest inflation rate in October 2022, with 2.1 percent (compared to the same month of the previous year). On the other end of the spectrum, the inflation rate in Russia stood at 12.6 percent in the same month.

What country is inflation hitting the hardest?

What is China's inflation rate?

Basic Info. China Inflation Rate is at 0.80%, compared to 1.80% last month and 0.90% last year. This is lower than the long term average of 1.98%.

Why India has so much inflation?

India imports nearly 80 per cent of the crude oil for the country's demand. Therefore, high crude oil prices leads to increase in cost of other goods due to rise in raw material, production, and transportation cost.

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.

Is India in a recession?

So, is India heading for a recession? The short answer is no. Technically a recession means that the total output in the economy — measured by the Gross Domestic Product or GDP — contracts for two consecutive quarters.