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India macro › CPI inflation › August 2023

CPI inflation, August 2023: 6.83%

India's consumer price inflation eased to 6.83% in August 2023 from 7.44% in July. That is above the top of the RBI's 2–6% tolerance band. The repo rate was 6.50% at the end of the month, 0.33 points below inflation.

August 2023July 2023August 2022
CPI inflation6.83%7.44%7.00%
Food inflation–10.57%7.57%
CPI inflation, food inflation and the repo rateSep 2020 – Oct 2026
−5%0%5%10%15%202120222023202420252026New CPI base (2024)6.83%
Year-on-year inflation for All India, rural and urban combined. The CPI moved to a 2024 base in January 2026, so the figures either side of the dashed line come from different series.

Source: Ministry of Statistics and Programme Implementation (MoSPI). MoSPI revises earlier periods as fuller data arrives; this page shows the latest published figure. The latest figures for every indicator are on the India macro dashboard.