India Inflation Rate YoY

The consumer price index (CPI) took over the wholesale price index (WPI) as the primary measure of inflation in 2013. Food and beverages are the most essential element in the consumer price index in India 45.86%, with Cereals and products 9.67 %, Milk and products 6.61%, vegetables 6.04%, prepared meals, snacks, sweets, and others accounting for 5.55%, meat and fish 3.61%, and oils and fats 3.56%. The other 28.32% accounts for the other categories, transportation, and communication 8.59%, health 5.89%, and education 4.46%. Housing accounts for 10.07%; fuel and light account for 6.84%, Clothing and footwear contribute for 6.53%, and tobacco, alcohol, and other intoxicants account for 2.38%. India's consumer price changes can be extremely volatile due to the country's reliance on imported energy, the unpredictable impact of monsoon rains on the country's large farm sector, the difficulty in transporting food items to market due to its poor roads and infrastructure, and the country's high fiscal deficit.