| (Per cent) |
| Inflation |
| Consumer Price Index (CPI) [All India] | Rural | Urban | Combined |
| 2022-23 | 2023-24 | 2024-25 | 2022-23 | 2023-24 | 2024-25 | 2022-23 | 2023-24 | 2024-25 |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| General Index (All Groups) | 6.8 | 5.6 | 5.0 | 6.4 | 5.1 | 4.1 | 6.7 | 5.4 | 4.6 |
| Food and Beverages | 6.8 | 6.9 | 6.9 | 6.5 | 7.3 | 6.5 | 6.7 | 7.0 | 6.7 |
| Housing | … | … | … | 4.3 | 3.9 | 2.8 | 4.3 | 3.9 | 2.8 |
| Fuel and Light | 9.6 | 1.8 | -0.9 | 11.6 | 0.3 | -5.1 | 10.3 | 1.2 | -2.5 |
| Miscellaneous | 5.9 | 4.6 | 4.2 | 6.6 | 4.4 | 4.0 | 6.3 | 4.5 | 4.1 |
| Excluding Food and Fuel | 6.3 | 4.5 | 3.7 | 5.9 | 4.2 | 3.4 | 6.1 | 4.3 | 3.5 |
| Other Price Indices | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| 1. Wholesale Price Index (2011-12=100)# | | | | | | | | | |
| All Commodities | 1.7 | 2.9 | 4.3 | 1.7 | 1.3 | 13.0 | 9.4 | -0.7 | 2.3 |
| Primary Articles | 3.4 | 1.4 | 2.7 | 6.8 | 1.7 | 10.2 | 10.0 | 3.5 | 5.1 |
| of which : Food Articles | 4.0 | 2.1 | 0.3 | 8.4 | 3.2 | 4.1 | 7.3 | 6.6 | 7.3 |
| Fuel and Power | -0.3 | 8.2 | 11.5 | -1.8 | -8.0 | 32.5 | 28.1 | -4.7 | -1.3 |
| Manufactured Products | 1.3 | 2.7 | 3.7 | 0.3 | 2.8 | 11.1 | 5.6 | -1.7 | 1.7 |
| Non-food Manufactured Products | -0.1 | 3.0 | 4.2 | -0.4 | 2.2 | 11.0 | 5.8 | -1.4 | 0.7 |
| 2. CPI- Industrial Workers (IW) [2001=100] | 4.1 | 3.1 | 5.4 | 7.5 | 5.0 | 5.1 | 6.1 | 5.2 | 3.4 |
| of which : CPI- IW Food | 4.4 | 1.5 | 0.6 | 7.4 | 5.8 | 4.7 | 6.1 | 7.3 | 6.0 |
| 3. CPI- Agricultural Labourers (1986-87=100) | 4.2 | 2.2 | 2.1 | 8.0 | 5.5 | 4.0 | 6.8 | 7.1 | 5.7 |
| 4. CPI- Rural Labourers (1986-87=100) | 4.2 | 2.3 | 2.2 | 7.7 | 5.5 | 4.2 | 7.0 | 6.9 | 5.7 |
| Money and Credit |
| | 2016-17^ | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25^^ |
| Reserve Money (RM) | -12.9 | 27.3 | 14.5 | 9.4 | 18.8 | 13.0 | 7.8 | 5.6 | 3.3 |
| Currency in Circulation | -19.7 | 37.0 | 16.8 | 14.5 | 16.6 | 9.8 | 7.8 | 3.9 | 5.8 |
| Bankers’ Deposits with RBI | 8.4 | 3.9 | 6.4 | -9.6 | 28.5 | 25.4 | 6.1 | 10.2 | -6.5 |
| Currency-GDP Ratio$ | 8.7 | 10.7 | 11.3 | 12.2 | 14.4 | 13.3 | 12.6 | 11.7 | 11.2 |
| Narrow Money (M1) | -3.9 | 21.8 | 13.6 | 11.2 | 16.2 | 10.7 | 6.9 | 7.3 | 7.9 |
| Broad Money (M3) | 6.9 | 9.2 | 10.5 | 8.9 | 12.2 | 8.8 | 9.0 | 11.1 | 9.6 |
| Currency-Deposit Ratio | 11.0 | 14.4 | 15.4 | 16.3 | 17.2 | 17.4 | 17.3 | 16.0 | 15.4 |
| Money Multiplier* | 6.7 | 5.8 | 5.6 | 5.5 | 5.2 | 5.0 | 5.1 | 5.4 | 5.7 |
| GDP-M3 Ratio$* | 1.2 | 1.2 | 1.2 | 1.2 | 1.1 | 1.2 | 1.2 | 1.2 | 1.2 |
| Scheduled Commercial Banks | | | | | | | | | |
| Aggregate Deposits | 11.3 | 6.2 | 10.0 | 7.9 | 11.4 | 8.9 | 9.6 | 12.9 | 10.6 |
| Bank Credit | 4.5 | 10.0 | 13.3 | 6.1 | 5.6 | 9.6 | 15.0 | 16.3 | 12.1 |
| Non-food Credit | 5.2 | 10.2 | 13.4 | 6.1 | 5.5 | 9.7 | 15.4 | 16.3 | 12.0 |
| Credit-Deposit Ratio | 72.9 | 75.5 | 77.7 | 76.4 | 72.4 | 72.2 | 75.8 | 78.1 | 79.1 |
| Credit-GDP Ratio$ | 50.9 | 50.5 | 51.7 | 51.6 | 55.1 | 50.4 | 50.9 | 52.8 | 53.8 |
# : Data for 2024-25 are provisional.
… : CPI Rural for Housing is not compiled.
^ : March 31, 2017, over April 1, 2016, barring RM and its components.
^^ : Data for Reserve Money pertain to March 28, 2025, while that of Money Supply relate to March 21, 2025.
$ : GDP data from 2011-12 onwards are based on new series i.e., base: 2011-12. GDP refers to GDP at Current Market Prices.
* : Not expressed in per cent.
Note: 1. Data refers to y-o-y change in per cent unless specified otherwise.
2. Base for CPI (All India) is 2012=100 whereas base for CPI-IW is 2001=100 till August 2020 and 2016=100 from September 2020 onwards.
Source: RBI, NSO, Labour Bureau and Ministry of Commerce and Industry. |