What is inflation rate in India in 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.

What is the average inflation rate for the last 10 years 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%.

What is the inflation rate over 10 years?

United States - 10-Year Breakeven Inflation Rate was 2.37% in February of 2023, according to the United States Federal Reserve. Historically, United States - 10-Year Breakeven Inflation Rate reached a record high of 3.02 in April of 2022 and a record low of 0.04 in November of 2008.

What is the inflation rate in India from 2010 to 2020?

Between 2010-2021, the consumer price inflation in India was highest in the year 2010, reaching 12%. India reported a sharp decline in the inflation rate in 2014. Consumer price inflation was by 6.6% in 2020, compared to 3.7% the previous year.

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%.

Current Inflation Rate In India?

What is inflation rate in India for last 5 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 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%.

Which year inflation rate is highest in India?

Historically, from 1969 until 2013, the inflation rate in India averaged 7.7% reaching an all-time high of 34.7% in october 1974 and a record low of -11.3% in May 1976.

What is the inflation rate by year USA?

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 was the highest inflation in US history?

Inflation Rate in the United States averaged 3.29 percent from 1914 until 2022, reaching an all time high of 23.70 percent in June of 1920 and a record low of -15.80 percent in June of 1921.

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 inflation rate of India?

The annual rate of inflation based on all India Wholesale Price Index (WPI) falls to 4.95% (Provisional) for the month of December, 2022 (over December, 2021) against 5.85% recorded in November, 2022.

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 Canada's inflation rate today?

Basic Info. Canada Inflation Rate is at 6.32%, compared to 6.80% last month and 4.80% last year. This is higher than the long term average of 3.14%.

What is the inflation rate in Canada?

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.

What is India inflation 2023?

Data released by the MoSPI's National Statistical Office (NSO), shows that the rural retail inflation was 6.65 per cent, while the urban inflation was 4.79 per cent in January 2023.

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.

What country is inflation hitting the hardest?

Is high inflation good for a country?

During inflationary periods, prices are higher, and it is more expensive to incur debt. For these two reasons, companies often sell fewer products and the economy slows. This may lead to diminished corporate profits, layoffs, and pressures on households. The end result of this cycle of events is a potential recession.

What is the main reason for inflation in India?

The 5 causes of inflation are increase in wages, increase in the price of raw materials, increase in taxes, decline in productivity, increase in money supply.

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.