New Delhi: The Union Government, during the ongoing winter session of the Parliament, in response to a question in Lok Sabha, provided the yearly inflation rate figures in India since the nation gained independence in 1947.

The Ministry of Finance stated “The time series of all-India inflation rate (Y-o-Y) based on Wholesale Price Index (WPI) and Consumer Price Index-Combined (CPI-C) is presented in Annexure I.”

Annexure I

All-India (Y-o-Y) inflation rate (%) based on Wholesale Price Index (*)

Source: Office of Economic Adviser, DPIIT

(*) Note: Inflation rates for: 1948-49 to 1959-60 with base year 1939=100, 1960-61 to 1967-68 with base year 1952-53=100, 1968-69 to 1971-72 with base year 1961-62=100, 1972-73 to 1981-82 with base year 1970-71=100, 1982-83 to 1999-00 with base year 1981-82=100, 2000-01 to 2009-10 with base year 1993-94=100, 2010-11 to 2016-17 with base year 2004-05=100 and 2017-18 to 2023-24 with base year 2011-12=100.

All-India annual inflation rate based on Consumer Price Index-Combined

Source: RBI

Prices of commodities are affected by several factors, such as mismatch between demand and supply, seasonality in farm output, supply chain constraints, increase in international prices, geo-political factors, etc. The decline in inflation observed during April – October 2023 has mitigated sectoral and macroeconomic challenges.

The Government monitors prices of 22 essential food commodities to take corrective steps against food inflation. The Government has taken various measures to augment domestic availability and stabilize the prices of essential items in the country. These steps, inter-alia, include releases from the buffer stock, imposition of stock limits, monitoring of
stocks declared by entities, and requisite changes in trade policy instruments. The Government has, from time to time, calibrated the import duty and excise duty on specified key inputs used in the economy. DeshGujarat

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