Inflation India 2024
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 February at 4.9%. The lowest inflation was in July at 2.1%.
- Highest month
- February: 4.9%
- Lowest month
- July: 2.1%
- Difference
- 2.8 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 1.4% lower than the 5-year average of 5.2%.
- 5-year average
- 5.2%
- 10-year average
- 5.2%
- All-time high (2010)
- 12.1%
- All-time low (2017)
- 2.5%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +1.8 percentage point.
- Change vs. previous year
- -1.8 percentage points
- Largest monthly swing
- July: -5.4 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 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 4.6% | -1.6 |
| February | 4.9% | -1.3 |
| March | 4.2% | -1.6 |
| April | 3.9% | -1.2 |
| May | 3.9% | -0.5 |
| June | 3.7% | -1.9 |
| July | 2.1% | -5.4 |
| August | 2.4% | -4.5 |
| September | 4.2% | -0.5 |
| October | 4.4% | -0.1 |
| November | 3.9% | -1.1 |
| December | 3.5% | -1.4 |
| Average | 3.8% |
Data source
Data from OECD. Last updated: 20/12/2025.