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India macro › CPI inflation › July 2022

CPI inflation, July 2022: 6.71%

India's consumer price inflation eased to 6.71% in July 2022 from 7.01% in June, the lowest since February 2022. Food inflation was 6.71%, against 7.56% the month before. That is above the top of the RBI's 2–6% tolerance band. The repo rate was 4.90% at the end of the month, 1.81 points below inflation.

July 2022June 2022July 2021
CPI inflation6.71%7.01%5.59%
Food inflation6.71%7.56%4.46%
CPI inflation, food inflation and the repo rateAug 2019 – Oct 2026
−5%0%5%10%15%2020202120222023202420252026New CPI base (2024)6.71%
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.