Development of inflation rates in India
The inflation rate for consumer prices in India moved over the past 40 years between 2.5% and 13.9%. For 2019, an inflation rate of 7.7% was calculated.
During the observation period from 1979 to 2019, the average inflation rate was 8.1%
per year. Overall, the price increase was 2,092.74 %. An item that cost 100 Rupee in 1979 was so charged 2,192.74 Rupee in the beginning of 2020.
In only a very few countries, the price increase is that high. The rate of 13.9% in 1991 means, that compared to the previous year all prices have been increased by an average of 13.9%. In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Back to overview: India