| (Per cent) |
| Inflation |
| Item | Rural | Urban | Combined |
| 2023-24 | 2024-25 | 2025-26 | 2023-24 | 2024-25 | 2025-26 | 2023-24 | 2024-25 | 2025-26 |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| Consumer Price Index (All India)+ | 5.6 | 5.0 | 1.8 | 5.1 | 4.1 | 2.4 | 5.4 | 4.6 | 2.1 |
| Other Price Indices | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 | 2025-26 |
| 1. Wholesale Price Index (2011-12=100) | | | | | | | | | |
| All Commodities | 2.9 | 4.3 | 1.7 | 1.3 | 13.0 | 9.4 | -0.7 | 2.3 | 0.7 |
| Primary Articles | 1.4 | 2.7 | 6.8 | 1.7 | 10.2 | 10.0 | 3.5 | 5.2 | -1.1 |
| of which: Food Articles | 2.1 | 0.3 | 8.4 | 3.2 | 4.1 | 7.3 | 6.6 | 7.3 | -2.3 |
| Fuel and Power | 8.2 | 11.5 | -1.8 | -8.0 | 32.5 | 28.1 | -4.7 | -1.3 | -2.9 |
| Manufactured Products | 2.7 | 3.7 | 0.3 | 2.8 | 11.1 | 5.6 | -1.7 | 1.7 | 2.3 |
| Non-food Manufactured Products | 3.0 | 4.2 | -0.4 | 2.2 | 11.0 | 5.8 | -1.4 | 0.7 | 1.9 |
| 2. CPI- Industrial Workers (IW) | 3.1 | 5.4 | 7.5 | 5.0 | 5.1 | 6.1 | 5.2 | 3.4 | 3.1 |
| of which: CPI- IW Food | 1.5 | 0.6 | 7.4 | 5.8 | 4.7 | 6.1 | 7.3 | 6.0 | 1.0 |
| 3. CPI- Agricultural Labourers (AL)@ | 2.2 | 2.1 | 8.0 | 5.5 | 4.0 | 6.8 | 7.1 | 5.7 | 1.2 |
| 4. CPI- Rural Labourers (RL)@ | 2.3 | 2.2 | 7.7 | 5.5 | 4.2 | 7.0 | 6.9 | 5.7 | 1.3 |
| Money and Credit |
| | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 | 2025-26^ |
| Reserve Money (RM) | 27.3 | 14.5 | 9.4 | 18.8 | 13.0 | 7.8 | 5.6 | 4.3 | 6.0 |
| Currency in Circulation | 37.0 | 16.8 | 14.5 | 16.6 | 9.8 | 7.8 | 3.9 | 6.1 | 11.9 |
| Bankers’ Deposits with RBI | 3.9 | 6.4 | -9.6 | 28.5 | 25.4 | 6.1 | 10.2 | -3.3 | -18.4 |
| Currency-GDP Ratio$ | 10.7 | 11.3 | 12.2 | 14.4 | 13.3 | 12.9 | 12.1 | 11.7 | 12.1 |
| Narrow Money (M1) | 21.8 | 13.6 | 11.2 | 16.2 | 10.7 | 6.9 | 7.3 | 8.1 | 22.3 |
| Broad Money (M3) | 9.2 | 10.5 | 8.9 | 12.2 | 8.8 | 9.0 | 11.6 | 9.4 | 15.3 |
| Currency-Deposit Ratio | 14.4 | 15.4 | 16.3 | 17.2 | 17.4 | 17.3 | 15.9 | 15.4 | 14.9 |
| Money Multiplier Ratio | 5.8 | 5.6 | 5.5 | 5.2 | 5.0 | 5.1 | 5.4 | 5.7 | 6.1 |
| GDP-M3 Ratio$ | 1.2 | 1.2 | 1.2 | 1.1 | 1.2 | 1.2 | 1.2 | 1.2 | 1.1 |
| Scheduled Commercial Banks | | | | | | | | | |
| Aggregate Deposits | 6.2 | 10.0 | 7.9 | 11.4 | 8.9 | 9.6 | 13.5 | 10.3 | 16.2 |
| Bank Credit | 10.0 | 13.3 | 6.1 | 5.6 | 9.6 | 15.0 | 20.2 | 11.0 | 17.1 |
| Non-food Credit | 10.2 | 13.4 | 6.1 | 5.5 | 9.7 | 15.4 | 20.2 | 11.0 | 16.9 |
| Credit-Deposit Ratio | 75.5 | 77.7 | 76.4 | 72.4 | 72.2 | 75.8 | 80.3 | 80.8 | 81.4 |
| Credit-GDP Ratio$ | 50.5 | 51.7 | 51.6 | 55.2 | 50.4 | 52.4 | 56.7 | 57.4 | 61.8 |
+ : The inflation for 2025-26 has been computed as average of monthly inflation rates where monthly inflation rates for April-December 2025 are based on the old base (2012=100), while inflation from January 2026 onwards correspond to the revised base (2024=100).
@ : Data for CPI-AL/RL for 2025–26 has been computed as average of monthly inflation rates where inflation rate for April 2025 is based on the old base (1986-87=100), while inflation from May 2025 onwards corresponds to the revised base (2019=100).
^ : Data for reserve money pertain to March 30, 2026, while that of money supply relate to March 31, 2026.
$ : GDP data from 2022-23 onwards are based on base year of 2022-23. GDP refers to GDP at current market prices.
Notes: 1. Data refers to y-o-y change in per cent unless specified otherwise.
2. Base year for Consumer Price Index (All India) is 2012=100 till December 2025 and 2024=100 from January 2026 onwards, whereas base for CPI-IW is 2001=100 till August 2020 and 2016=100 from September 2020 onwards.
3. Base for CPI-AL and CPI-RL is 1986-87=100 till April 2025 and 2019=100 from May 2025 onwards.
Sources: RBI, NSO, Labour Bureau and Ministry of Commerce and Industry. |