Rate of Inflation | Official website of Labour Bureau, Ministry of Labour and Employment,Government of India (2024)

FAQs

What is the inflation rate of India? ›

The annual rate of inflation for Primary Articles of WPI stood to 2.42 per cent in August as compared to 3.08 per cent in July. Manufactured products' inflation moderated to 1.22 per cent in August from 1.58 per cent in July.

The U.S. Department of Labor's Bureau of Labor Statistics has various indexes that measure different aspects of inflation.

U.S. Bureau of Labor Statistics.

➢ Unemployment Rate (UR) is estimated to be 18.1, 13.0 and 13.3 per cent respectively among age groups 15-24, 18-29 and 15-29 under UPS approach at All India level . ➢ The estimates of LFPR, WPR and UR under different approaches at all India level is in Annexure.

The current annual inflation rate is 2.5%, the lowest since February 2021.

Inflation, consumer prices (annual %) in India was reported at 5.6491 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources.

One of the mandates of the Federal Reserve System is to promote stable prices in the United States. To achieve price stability, the Federal Reserve targets a long-run inflation rate of 2 percent.

How to read inflation data? ›

To find the inflation rate for any year, you simply divide the CPI from the end of the year by the CPI at the end of the previous year, and subtract 1 to get the percentage rate. So if the CPI for some year is 131, and the next year it is 135, then the inflation rate was 135/131-1.

Inflation occurs when there is a general increase in the price of goods and services and a fall in purchasing power. This can benefit borrowers in that it allows them to repay debts with money that has depreciated in worth. However, it can also benefit lenders in that it raises prices and increases demand for credit.

1. Which is the state with the highest unemployment rate in India? How about the state with the lowest unemployment rate in India? As of December 2022, Haryana had the highest unemployment rate in India, at 37.4 percent.

The number of people in the country, especially the youth population, is much greater compared to the number of jobs available. This creates a situation of unemployment in the economy. Poverty and Illiteracy: One of the main reasons for unemployment is due to a lesser number of people being educated and literate.

As per the latest available Annual PLFS Reports, the estimated Unemployment Rate (UR) on usual status for persons of age 15 years and above was 4.2%, 4.1% and 3.2% during 2020-21, 2021-22 and 2022-23, respectively. The data indicates that the unemployment rate in the country has a declining trend over the years.

US Inflation Rate (I:USIR)

US Inflation Rate is at 2.53%, compared to 2.89% last month and 3.67% last year. This is lower than the long term average of 3.28%.

As of August 2024, the countries with the current highest inflation rates are Argentina (271.5%), Venezuela (51.4% %), Turkey (61.78%) and Sudan (146.6%).

China Inflation Rate (I:CNIR)

China Inflation Rate is at 0.60%, compared to 0.50% last month and 0.10% last year. This is lower than the long term average of 1.66%.

Inflation Rate in India increased to 3.65 percent in August from 3.60 percent in July of 2024. Inflation Rate in India averaged 5.93 percent from 2012 until 2024, reaching an all time high of 12.17 percent in November of 2013 and a record low of 1.54 percent in June of 2017.