Inflation Rate (CPI): India
Current Value (2024)
5.0%
All-Time Peak (1974)
28.6%
All-Time Low (1976)
-7.6%
Inflation Rate (CPI) — India
Analysis# India's Inflation Rate Analysis
India's inflation has stabilized dramatically since independence, with the current rate of 4.95% (2024) representing a structural shift toward monetary discipline compared to the catastrophic 28.6% peak in 1974—triggered by the global oil crisis and poor monsoons—and the deflationary anomaly of -7.63% in 1976 during the Emergency period. The post-1991 liberalization and RBI's inflation-targeting framework (formally adopted in 2016 with a 4% target band of ±2%) have successfully contained volatility, reducing the standard deviation of inflation from the chaotic 1970s-80s era to
Historical Data
| Year | Value | Change % |
|---|---|---|
| 2024 | 5.0% | -12.32% |
| 2023 | 5.6% | -15.67% |
| 2022 | 6.7% | +30.55% |
| 2021 | 5.1% | -22.53% |
| 2020 | 6.6% | +77.60% |
| 2019 | 3.7% | -5.31% |
| 2018 | 3.9% | +18.35% |
| 2017 | 3.3% | -32.74% |
| 2016 | 4.9% | +0.84% |
| 2015 | 4.9% | -26.38% |
| 2014 | 6.7% | -33.46% |
| 2013 | 10.0% | +5.69% |
| 2012 | 9.5% | +6.36% |
| 2011 | 8.9% | -25.67% |
| 2010 | 12.0% | +10.17% |
| 2009 | 10.9% | +30.34% |
| 2008 | 8.3% | +31.01% |
| 2007 | 6.4% | +9.94% |
| 2006 | 5.8% | +36.51% |
| 2005 | 4.2% | +12.72% |
Show all 65 rows
| Year | Value | Change % |
|---|---|---|
| 2004 | 3.8% | -1.01% |
| 2003 | 3.8% | -11.43% |
| 2002 | 4.3% | +13.70% |
| 2001 | 3.8% | -5.74% |
| 2000 | 4.0% | -14.14% |
| 1999 | 4.7% | -64.71% |
| 1998 | 13.2% | +84.68% |
| 1997 | 7.2% | -20.19% |
| 1996 | 9.0% | -12.20% |
| 1995 | 10.2% | -0.22% |
| 1994 | 10.2% | +61.97% |
| 1993 | 6.3% | -46.33% |
| 1992 | 11.8% | -15.01% |
| 1991 | 13.9% | +54.61% |
| 1990 | 9.0% | +26.81% |
| 1989 | 7.1% | -24.61% |
| 1988 | 9.4% | +6.62% |
| 1987 | 8.8% | +0.82% |
| 1986 | 8.7% | +57.11% |
| 1985 | 5.6% | -33.21% |
| 1984 | 8.3% | -29.91% |
| 1983 | 11.9% | +50.41% |
| 1982 | 7.9% | -39.82% |
| 1981 | 13.1% | +15.57% |
| 1980 | 11.3% | +80.79% |
| 1979 | 6.3% | +148.73% |
| 1978 | 2.5% | -69.63% |
| 1977 | 8.3% | +208.82% |
| 1976 | -7.6% | -232.80% |
| 1975 | 5.7% | -79.90% |
| 1974 | 28.6% | +68.82% |
| 1973 | 16.9% | +162.97% |
| 1972 | 6.4% | +109.16% |
| 1971 | 3.1% | -39.52% |
| 1970 | 5.1% | +971.76% |
| 1969 | -0.6% | -118.04% |
| 1968 | 3.2% | -75.22% |
| 1967 | 13.1% | +20.93% |
| 1966 | 10.8% | +14.01% |
| 1965 | 9.5% | -29.06% |
| 1964 | 13.4% | +353.31% |
| 1963 | 2.9% | -18.89% |
| 1962 | 3.6% | +114.26% |
| 1961 | 1.7% | -4.76% |
| 1960 | 1.8% | — |