Inflation in India
In the year to July 2026, consumer prices in India rose 4.4%, the same pace as a month earlier. Since January 1957 prices have risen 11,097%, which means ₹100 then buys what ₹11,197 buys now, so the same basket of goods costs 112.0 times what it did.
Cumulative & Yearly Inflation
Inflation in India by year
Inflation is the change in that year's average prices against the year before, which is the figure usually quoted. The last two columns take ₹100 in January of that year and show what it is worth in July 2026, the most recent month on record. Only years measured in full are listed, so the year now running appears once it ends.
| Year | Inflation | ₹100 is now | Cumulative inflation |
|---|---|---|---|
| 1960 | 1.8% | 9,812.59 | 9,712.6% |
| 1980 | 11.3% | 2,639.21 | 2,539.2% |
| 2000 | 4.0% | 461.01 | 361.0% |
| 2020 | 6.6% | 136.70 | 36.7% |
| 2025 | 2.4% | 106.17 | 6.2% |
Every year from 1958 to 2025
| Year | Inflation | ₹100 is now | Cumulative inflation |
|---|---|---|---|
| 1958 | 4.8% | 10,796 | 10,696% |
| 1959 | 4.6% | 10,234 | 10,134% |
| 1960 | 1.8% | 9,812.59 | 9,712.6% |
| 1961 | 1.7% | 9,749.15 | 9,649.1% |
| 1962 | 3.6% | 9,424.18 | 9,324.2% |
| 1963 | 2.9% | 9,213.04 | 9,113.0% |
| 1964 | 13.4% | 8,551.24 | 8,451.2% |
| 1965 | 9.5% | 7,261.00 | 7,161.0% |
| 1966 | 10.8% | 6,927.42 | 6,827.4% |
| 1967 | 13.1% | 6,080.11 | 5,980.1% |
| 1968 | 3.2% | 5,443.57 | 5,343.6% |
| 1969 | -0.6% | 5,762.55 | 5,662.6% |
| 1970 | 5.1% | 5,530.08 | 5,430.1% |
| 1971 | 3.1% | 5,321.89 | 5,221.9% |
| 1972 | 6.4% | 5,048.66 | 4,948.7% |
| 1973 | 16.9% | 4,663.51 | 4,563.5% |
| 1974 | 28.6% | 3,710.91 | 3,610.9% |
| 1975 | 5.7% | 3,003.72 | 2,903.7% |
| 1976 | -7.6% | 3,285.12 | 3,185.1% |
| 1977 | 8.3% | 3,190.13 | 3,090.1% |
| 1978 | 2.5% | 3,013.73 | 2,913.7% |
| 1979 | 6.3% | 2,948.90 | 2,848.9% |
| 1980 | 11.3% | 2,639.21 | 2,539.2% |
| 1981 | 13.1% | 2,383.35 | 2,283.4% |
| 1982 | 7.9% | 2,133.78 | 2,033.8% |
| 1983 | 11.9% | 1,978.83 | 1,878.8% |
| 1984 | 8.3% | 1,739.18 | 1,639.2% |
| 1985 | 5.6% | 1,665.54 | 1,565.5% |
| 1986 | 8.7% | 1,557.18 | 1,457.2% |
| 1987 | 8.8% | 1,423.41 | 1,323.4% |
| 1988 | 9.4% | 1,300.63 | 1,200.6% |
| 1989 | 7.1% | 1,204.22 | 1,104.2% |
| 1990 | 9.0% | 1,141.93 | 1,041.9% |
| 1991 | 13.9% | 983.64 | 883.6% |
| 1992 | 11.8% | 871.47 | 771.5% |
| 1993 | 6.3% | 824.46 | 724.5% |
| 1994 | 10.2% | 755.50 | 655.5% |
| 1995 | 10.2% | 687.53 | 587.5% |
| 1996 | 9.0% | 630.78 | 530.8% |
| 1997 | 7.2% | 567.70 | 467.7% |
| 1998 | 13.2% | 517.44 | 417.4% |
| 1999 | 4.7% | 473.09 | 373.1% |
| 2000 | 4.0% | 461.01 | 361.0% |
| 2001 | 3.8% | 446.51 | 346.5% |
| 2002 | 4.3% | 425.47 | 325.5% |
| 2003 | 3.8% | 411.38 | 311.4% |
| 2004 | 3.8% | 394.24 | 294.2% |
| 2005 | 4.2% | 377.75 | 277.7% |
| 2006 | 5.8% | 361.92 | 261.9% |
| 2007 | 6.4% | 339.13 | 239.1% |
| 2008 | 8.3% | 321.41 | 221.4% |
| 2009 | 10.9% | 291.01 | 191.0% |
| 2010 | 12.0% | 250.40 | 150.4% |
| 2011 | 8.9% | 229.09 | 129.1% |
| 2012 | 9.5% | 216.62 | 116.6% |
| 2013 | 10.0% | 196.30 | 96.3% |
| 2014 | 6.7% | 180.75 | 80.7% |
| 2015 | 4.9% | 171.82 | 71.8% |
| 2016 | 4.9% | 162.57 | 62.6% |
| 2017 | 3.3% | 157.58 | 57.6% |
| 2018 | 3.9% | 149.98 | 50.0% |
| 2019 | 3.7% | 147.08 | 47.1% |
| 2020 | 6.6% | 136.70 | 36.7% |
| 2021 | 5.1% | 131.37 | 31.4% |
| 2022 | 6.7% | 123.91 | 23.9% |
| 2023 | 5.6% | 116.33 | 16.3% |
| 2024 | 5.0% | 110.69 | 10.7% |
| 2025 | 2.4% | 106.17 | 6.2% |
A short history of inflation in India
The Oil Shock and Drought (1973 to 1975)
Indian inflation peaked at 34.6% in the year to September 1974. Several pressures arrived together: the oil shock of 1973 struck a country importing most of its crude, drought had cut the harvest, and the cost of the 1971 war with Pakistan and of supporting refugees from it had widened the deficit, which was being financed by the central bank.
The response was direct and unusually harsh. In 1974 the government froze part of public sector pay and dividends, compulsorily impounding a share of incomes rather than taxing them, and a good monsoon in 1975 did the rest.
Adopting a Target (2016)
Inflation has been moderate by the standards of that decade since, and the Reserve Bank of India was given a formal target in 2016, 4% with a two point band either side, having previously balanced several objectives at once.
Post-Covid Inflation (2021 to 2023)
In India, prices rose fastest in April 2022, at 7.8%. The causes of the post-Covid inflation were global in nature, beginning with the lockdowns: factories and ports closed and the shipping between them fell out of sequence, so goods took longer to make and longer to arrive. Governments had spent heavily supporting household incomes through those closures, so when restrictions lifted there was money waiting to be spent and not enough on the shelves to spend it on. Then in February 2022 Russia invaded Ukraine, disrupting two of the world's largest suppliers of wheat, fertiliser, oil and gas at once, and the cost of everything grown, heated or transported rose with them.
Because the causes were shared, so was the timing: most countries peaked within a few months of one another in late 2022. The major inflation events covers this episode and the others in more detail.
Common questions about inflation in India
What is the current inflation rate in India?
Prices in India rose 4.4% in the year to July 2026. That is unchanged on the month before.
What would ₹100 in January 1957 be worth today?
₹100.00 in January 1957 has the same buying power as ₹11,197 in July 2026, a rise of 11,097%.
What would ₹100 in January 1970 be worth today?
₹100.00 in January 1970 has the same buying power as ₹5,530.08 in July 2026, a rise of 5,430.1%.
What would ₹100 in January 2000 be worth today?
₹100.00 in January 2000 has the same buying power as ₹461.01 in July 2026, a rise of 361.0%.
What would ₹100 in January 2020 be worth today?
₹100.00 in January 2020 has the same buying power as ₹136.70 in July 2026, a rise of 36.7%.
What is India's inflation target?
India targets 4%. The latest reading of 4.4% is running 0.4 points above it.
How inflation in India is measured
The figures on this page come from the IMF's CPI dataset, with the original data from India's Ministry of Statistics and Programme Implementation (MoSPI). The series is indexed so that a chosen base year equals 100, and the calculator works out the ratio between any two dates you pick.
The currency shown is the Indian rupee (₹). Coverage runs from January 1957 to July 2026, and updates automatically as each new release is published. Figures for the most recent periods can be revised by the statistics office after first publication.
Use this data
Click the reference to select it.
Compare Inflation. “Inflation in India.” Figures for July 2026. https://compareinflation.com/inflation-in-india/
Download the full series (CSV) — 835 months, January 1957 to July 2026, with the annual rate for each.