India Inflation Rate — 2026 CPI Data, Trend & Outlook
India's inflation rate was 4.72% in May 2026, up from 4.46% the previous month. A year earlier it stood at 2.93%.
India's inflation rate stands at 4.72% as of May 2026. Over the latest readings, the inflation rate has moved within a band of 1.08% to 9.63%. The most recent figure of 4.72% is up from 4.46% a month earlier, and is 1.79% higher than a year ago.
The trend
Among the 193 economies tracked on this platform, India ranks #54 on inflation rate by latest value. It rose from 4.46% in the previous month, and compares with a year-earlier 2.93%.
What's driving it
Inflation is shaped by energy and food prices, the exchange rate, wage growth and the stance of monetary policy; central banks lift interest rates to cool it and ease when it falls back toward target.
Recent readings
| Period | Inflation rate |
|---|---|
| May 2026 | 4.72% |
| Apr 2026 | 4.46% |
| Mar 2026 | 4.27% |
| Feb 2026 | 3.99% |
| Jan 2026 | 3.77% |
| Dec 2025 | 3.13% |
| Nov 2025 | 2.56% |
| Oct 2025 | 2.21% |
Data: Source: OECD (terms permit extract/distribute, incl. commercial, with citation). Figures carry an effective date; confirm with the source before relying on them.
Frequently asked questions
What Is the Inflation Rate in India Right Now (2026)?
India's inflation rate was 4.72% in May 2026, up from 4.46% the previous month. A year earlier it stood at 2.93%.
Is the inflation rate rising or falling in India?
It rose in the latest reading — 4.72% in May 2026 versus 4.46% a month earlier. Year on year it is higher.
What is inflation rate?
It measures how fast consumer prices are rising, measured by the consumer price index (CPI).