India Inflation Rate (CPI YoY %) - Historical Data
Year-on-year percentage change in the headline Consumer Price Index (CPI) for India from 1954 to 2026, compiled from the BIS Long Consumer Prices archive (WS_LONG_CPI). The latest inflation rate is 4.44% (Jul 2026) compared with the Reserve Bank of India official target of 4.0% (±2.0% Tolerance Band).
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Current Statistics & Historical Records
Latest Reading (Jul 2026)
4.44%
Prev (Jun 2026): 4.38%+0.06 pp
Highest Recorded (Sep 1974)
33.33%
Peak consumer price inflation rate in India (Reserve Bank of India mandate: 4.0% (±2.0% Tolerance Band)).
Lowest Recorded (Apr 1955)
-14.03%
Lowest recorded CPI inflation / deflation reading in India.
Long-Run Mean (1954–2026)
6.40%
73 annual observations · Monthly
Reserve Bank of India · INR
India Inflation Rate (CPI YoY %) (1954-2026)
% YoYDrag to pan, scroll to zoom, or toggle between full archive (1954–2026) and recent monthly observations.
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Source: Bank for International Settlements (BIS) & National Statistical Office (WS_LONG_CPI:M:IN:771)
Latest: 4.44% (Jul 2026)
India Inflation Rate Averages by Decade
Decadal mean, peak, and trough across the 1954–2026 archive
| Decade | Years Covered | Decade Mean | Decade High (Year) | Decade Low (Year) |
|---|---|---|---|---|
| 1950s | 1954–1959 | 1.72% | 12.20% (1956) | -8.03% (1955) |
| 1960s | 1960–1969 | 6.18% | 15.06% (1967) | -0.31% (1968) |
| 1970s | 1970–1979 | 8.63% | 28.59% (1974) | -1.95% (1976) |
| 1980s | 1980–1989 | 8.11% | 20.29% (1980) | 2.01% (1982) |
| 1990s | 1990–1999 | 8.07% | 13.65% (1991) | 3.54% (1999) |
| 2000s | 2000–2009 | 5.12% | 8.66% (2008) | 2.16% (2009) |
| 2010s | 2010–2019 | 6.08% | 9.81% (2011) | 3.33% (2017) |
| 2020s | 2020–2026 | 4.99% | 6.68% (2022) | 2.21% (2025) |
Complete Annual Historical Ledger (1954–2026)
Unit: % YoY · Source: Bank for International Settlements (BIS) & National Statistical Office (WS_LONG_CPI:M:IN:771)
| Year | Annual Value (% YoY) | Intra-Year Range (Min – Max) | Monetary Regime & Historical Context |
|---|---|---|---|
| 2026 | 3.65% | 2.73% – 4.44% | - |
| 2025 | 2.21% | 0.04% – 4.06% | Post-tightening monetary recalibration across advanced and emerging central banks |
| 2024 | 4.98% | 3.67% – 6.25% | G10 policy rates peak and pivot toward gradual monetary normalization |
| 2023 | 5.66% | 4.31% – 7.45% | - |
| 2022 | 6.68% | 5.71% – 7.82% | Global inflation surge triggers fastest synchronized rate hiking cycle in four decades |
| 2021 | 5.15% | 4.05% – 6.29% | - |
| 2020 | 6.62% | 4.55% – 7.62% | COVID-19 pandemic emergency rate cuts and record balance sheet expansion |
| 2019 | 3.74% | 1.94% – 7.32% | - |
| 2018 | 3.94% | 2.07% – 5.10% | - |
| 2017 | 3.33% | 1.46% – 5.24% | - |
| 2016 | 4.99% | 3.46% – 6.14% | Bank of Japan introduces Yield Curve Control (YCC); post-Brexit BoE easing |
| 2015 | 4.87% | 3.63% – 5.56% | - |
| 2014 | 6.69% | 3.26% – 8.53% | ECB and European peers introduce Negative Interest Rate Policy (NIRP) |
| 2013 | 6.27% | 3.39% – 9.82% | - |
| 2012 | 7.55% | 7.23% – 8.07% | - |
| 2011 | 9.81% | 7.74% – 10.39% | European Sovereign Debt Crisis and Swiss franc safe-haven surge |
| 2010 | 9.58% | 8.08% – 11.00% | - |
| 2009 | 2.16% | -0.71% – 6.92% | - |
| 2008 | 8.66% | 4.45% – 11.25% | Global Financial Crisis drives major central banks to the zero lower bound and QE1 |
| 2007 | 5.02% | 3.38% – 6.83% | - |
| 2006 | 5.85% | 3.94% – 7.06% | - |
| 2005 | 4.49% | 3.48% – 5.44% | - |
| 2004 | 5.80% | 4.50% – 7.45% | - |
| 2003 | 5.33% | 3.95% – 6.66% | - |
| 2002 | 2.47% | 1.38% – 3.53% | - |
| 2001 | 5.21% | 2.08% – 8.71% | Dot-com bust and synchronized G10 monetary easing cycle |
| 2000 | 6.22% | 3.46% – 8.49% | - |
| 1999 | 3.54% | 1.92% – 5.44% | Launch of the Euro and establishment of the European Central Bank (ECB) |
| 1998 | 5.80% | 4.19% – 7.14% | - |
| 1997 | 4.59% | 3.28% – 5.90% | Asian Financial Crisis triggers emergency EM currency defense hikes |
| 1996 | 4.46% | 3.58% – 5.24% | - |
| 1995 | 9.78% | 6.64% – 12.20% | - |
| 1994 | 10.41% | 8.82% – 11.92% | Global bond market selloff and pre-emptive Federal Reserve tightening cycle |
| 1993 | 7.75% | 6.93% – 8.78% | - |
| 1992 | 11.62% | 8.53% – 13.79% | European Exchange Rate Mechanism (ERM) crisis and Black Wednesday |
| 1991 | 13.65% | 11.58% – 16.30% | - |
| 1990 | 9.05% | 7.49% – 12.00% | German reunification tightening and Japanese asset bubble peak |
| 1989 | 6.70% | 5.41% – 9.07% | - |
| 1988 | 8.77% | 6.10% – 10.70% | - |
| 1987 | 6.98% | 5.33% – 9.69% | Louvre Accord and Black Monday central bank liquidity provision |
| 1986 | 5.51% | 3.96% – 7.12% | - |
| 1985 | 4.67% | 3.21% – 6.65% | Plaza Accord coordinated G5 currency intervention depreciates USD |
| 1984 | 6.97% | 5.71% – 8.31% | - |
| 1983 | 6.79% | 2.98% – 8.67% | - |
| 1982 | 2.01% | 0.03% – 6.80% | - |
| 1981 | 12.41% | 7.37% – 17.33% | Volcker disinflation peak pushes benchmark policy rates to postwar highs |
| 1980 | 20.29% | 13.26% – 25.22% | - |
| 1979 | 11.59% | 0.62% – 22.45% | Second oil shock; Paul Volcker appointed Federal Reserve Chair |
| 1978 | -0.21% | -2.28% – 3.18% | - |
| 1977 | 7.66% | 4.28% – 12.49% | - |
| 1976 | -1.95% | -6.89% – 4.85% | - |
| 1975 | 4.39% | -4.21% – 18.49% | - |
| 1974 | 28.59% | 23.44% – 33.33% | First OPEC oil shock triggers global stagflation and steep policy rate hikes |
| 1973 | 16.30% | 10.72% – 21.61% | - |
| 1972 | 8.78% | 5.71% – 13.99% | - |
| 1971 | 4.96% | 3.23% – 6.52% | Nixon Shock suspends USD gold convertibility; Bretton Woods system ends |
| 1970 | 6.18% | 3.97% – 7.34% | - |
| 1969 | 2.12% | -1.84% – 6.71% | - |
| 1968 | -0.31% | -5.49% – 6.80% | - |
| 1967 | 15.06% | 9.66% – 17.68% | - |
| 1966 | 12.00% | 6.49% – 15.05% | Credit crunch of 1966 and monetary tightening |
| 1965 | 8.23% | 5.05% – 14.41% | - |
| 1964 | 10.34% | 7.14% – 13.73% | - |
| 1963 | 4.57% | 1.80% – 7.98% | - |
| 1962 | 0.97% | -3.11% – 4.57% | - |
| 1961 | 2.42% | -1.38% – 7.26% | - |
| 1960 | 6.41% | 5.47% – 7.75% | - |
| 1959 | 4.16% | 0.61% – 8.14% | - |
| 1958 | 2.07% | -1.99% – 6.62% | Eisenhower recession and global monetary easing |
| 1957 | 6.05% | -0.94% – 12.57% | - |
| 1956 | 12.20% | 1.51% – 17.92% | - |
| 1955 | -8.03% | -14.03% – 0.11% | - |
| 1954 | -6.15% | -10.21% – 1.90% | Post-Korean War Federal Reserve policy rate normalization |
Frequently Asked Questions - India Inflation Rate
What is the current inflation rate in India?
As of Jul 2026, headline consumer price inflation in India is 4.44% year-on-year, compared to the Reserve Bank of India target of 4.0% (±2.0% Tolerance Band).
What was the highest inflation rate recorded in India?
In the 1954-2026 series, India CPI inflation peaked at 33.33% in Sep 1974 and reached a low of -14.03% in Apr 1955.
Statistical Provenance
Source Metadata & Methodology Notes
- Primary Institution:
- Bank for International Settlements (BIS) & National Statistical Office
- Dataset / Dataflow:
- BIS Long Series on Consumer Prices (WS_LONG_CPI)
- Canonical Series ID:
- WS_LONG_CPI:M:IN:771
- Reuse & License:
- Terms of permitted use of BIS statistics
- Unit of measure: Year-on-year percentage change in headline consumer price index (UNIT_MEASURE=771).
- Central bank benchmark target: 4.0% (±2.0% Tolerance Band) (Reserve Bank of India).
- Annual table values represent annual average inflation across each calendar year.
Academic & Media Attribution
Cite This Dataset (APA & BibTeX)
APA 7th Edition
CentralBankData.com. (2026). India Inflation Rate (CPI YoY %), compiled from Bank for International Settlements (WS_LONG_CPI:M:IN:771). https://centralbankdata.com/india-inflation-rate
BibTeX
@misc{cbd_cpi_india,
author = {CentralBankData.com},
title = {India Consumer Price Inflation Rate},
note = {Compiled from Bank for International Settlements WS_LONG_CPI:M:IN:771},
year = {2026},
url = {https://centralbankdata.com/india-inflation-rate}
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