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Inflation rate in India

Annual inflation in India was 5.5% in September 2026: consumer prices compared with the same month a year earlier. The month before, it was 4.8%.

Inflation by month in India

0.5%2.8%7.3%5.5%
Mar 2022Jul 2023Dec 2024Apr 2026

Monthly figures: national statistics compiled by the Bank for International Settlements (consumer prices, change on a year earlier).

Inflation by year in India

YearInflation
20252.4%
20245.0%
20235.6%
20226.7%
20215.1%
20206.6%
20193.7%
20183.9%
20173.3%
20164.9%
20154.9%
20146.7%
201310.0%
20129.5%
20118.9%
201012.0%
200910.9%
20088.3%
20076.4%
20065.8%
20054.2%
20043.8%
20033.8%
20024.3%
20013.8%

Yearly figures: World Bank, inflation, consumer prices (annual %).

The real interest rate is the central bank’s policy rate minus the latest inflation rate: a plain difference, not a forecast.

Frequently asked questions

What is the inflation rate in India?

Annual inflation in India was 5.5% in September 2026 (consumer prices compared with a year earlier).

What was the inflation rate in India in 2025?

Inflation in India was 2.4% in 2025 (World Bank, consumer prices, annual average).

What was the inflation rate in India in 2020?

Inflation in India was 6.6% in 2020 (World Bank, consumer prices, annual average).

What was the inflation rate in India in 2015?

Inflation in India was 4.9% in 2015 (World Bank, consumer prices, annual average).

What is the real interest rate in India?

The policy rate is 5.50% and inflation 5.5%, so the real interest rate is about -0.0%.

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