Last 10 years Inflation Rate in India

Now, let’s have a look at the Last 10 years Inflation Rate in India.

Year	Average Inflation Rate
2024	5.09 (February)
2023	5.49
2022	6.7%
2021	5.13%
2020	6.62%
2019	3.73%
2018	3.94%
2017	3.33%
2016	4.95%
2015	4.91%
2014	6.67%
2013	10.02%

According to data released by the National Statistics Office (NSO), India’s retail inflation rate dropped to 5.09 percent in February 2024. This is the lowest it has been in the past four months. In January 2024, the inflation rate was slightly higher at 5.10 percent. It’s worth noting that the current inflation rate falls within the range set by the Reserve Bank of India (RBI), which is 2 to 6 percent. This means that the current inflation rate is considered acceptable by the RBI.

First let’s understand what is Inflation? Inflation is a term used to describe the general increase in prices of goods and services. It’s something that affects everyone, from the cost of groceries to the overall health of the economy. As India prepares for the upcoming general elections, it’s important to take a closer look at the country’s inflation rate to better understand its economic situation.

When we compare inflation in rural and urban areas, we find that the inflation rate in rural areas is slightly higher. In February, the rural inflation rate was 5.34 percent, which is 0.56 percent higher than the urban inflation rate of 4.78 percent. In December, the rural inflation rate was even lower at 4.34 percent