Average inflation measured by CPI reached 4.95 % in 2020 in India, according to the National Statistical Office. This is 3.91 % more than in the previous year.
Historically, average inflation measured by CPI in India reached an all time high of 28.6 % in 1974 and an all time low of -7.63 % in 1976. When compared to India's main peers, average inflation measured by CPI in Bangladesh amounted to 5.65 %, 2.92 % in China, 10.7 % in Pakistan and 4.67 % in Sri Lanka in 2020.
India has been ranked 46th within the group of 174 countries we follow in terms of average inflation measured by CPI, 32 places behind the position seen 10 years ago.
Inflation as measured by the consumer price index (CPI) reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.