Market timing

India macro › CPI inflation › July 2021

CPI inflation, July 2021: 5.59%

India's consumer price inflation eased to 5.59% in July 2021 from 6.26% in June, the lowest since April 2021. Food inflation was 4.46%, against 5.58% the month before. That is inside the RBI's 2–6% tolerance band, above its 4% target. The repo rate was 4.00% at the end of the month, 1.59 points below inflation.

July 2021June 2021July 2020
CPI inflation5.59%6.26%6.73%
Food inflation4.46%5.58%8.50%
CPI inflation, food inflation and the repo rateAug 2018 – Oct 2026
−5%0%5%10%15%20192020202120222023202420252026New CPI base (2024)5.59%
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.