Inflation India 2003
Average inflation: 3.8%
Current Inflation
Inflation is high at 3.8%, well above the ECB target.
Peak and Trough
The highest inflation was in April at 5.1%. The lowest inflation was in September at 2.9%.
- Highest month
- April: 5.1%
- Lowest month
- September: 2.9%
- Difference
- 2.2 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is around the 5-year average of 4.0%. This approaches the lowest level since records began (3.8% in 2003).
- 5-year average
- 4%
- 10-year average
- 4%
- All-time high (2002)
- 4.3%
- All-time low (2003)
- 3.8%
Trend
Inflation has remained relatively stable. Compared to 2002, the difference is minimal (-0.5 percentage point).
- Change vs. previous year
- -0.5 percentage points
- Largest monthly swing
- January: -1.5 percentage points
ECB Target
Inflation is 1.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2003
Month overview
| Month | Inflation | Difference vs. 2002 |
|---|---|---|
| January | 3.4% | -1.5 |
| February | 3.9% | -1.3 |
| March | 4.1% | -1.1 |
| April | 5.1% | +0.4 |
| May | 4.7% | 0.0 |
| June | 4.4% | +0.2 |
| July | 4.2% | +0.3 |
| August | 3.1% | -0.8 |
| September | 2.9% | -1.4 |
| October | 3.3% | -0.8 |
| November | 3.1% | -0.5 |
| December | 3.7% | +0.5 |
| Average | 3.8% |
Data source
Data from OECD. Last updated: 20/12/2025.