Inflation India 2012

Inflation means a persistent increase in the level of consumers prices or a persistent decline in the purchasing power of money , caused by an increase in available currency and credit beyond the proportion of available goods and services.

Methods to Measure Inflation

CONSUMER PRICE INDEX (CPI) WHOLESALE PRICE INDEX (WPI)

Inflation rate = current CPI/WPI Last calculated CPI/WPI *100 Last calculated CPI/WPI

INDIA INFLATION RATE

The inflation rate in India was recorded at 7.18 percent in December of 2012. Inflation Rate in India is reported by the Ministry of Statistics and Programme Implementation. Historically, from 1969 until 2012, India Inflation Rate averaged 7.75 Percent reaching an all time high of 34.68 Percent in September of 1974 and a record low of -11.31 Percent in May of 1976.

 The wholesale price index (WPI) is the main measure of inflation. The WPI measures the price of a representative basket of wholesale goods. wholesale price index is divided into three groups: Primary Articles (20.1 percent of total weight), Fuel and Power (14.9 percent) Manufactured Products (65 percent).

current Indian inflation

The inflation is based upon the Indian consumer price index. november 2012: 9.55 %