India’s Retail Inflation rate of Aug 2021, Consumer Price Index (CPI) number of Aug 2021

  1. August 2021 Inflation (general) is 5.30%, decreased by 5.19 % over July 2021 Inflation (general) of 5.59%.
  2. August 2021 Inflation (food) is 3.11%, decreased by 21.46% over July 2021 inflation (food) of 3.96%.
Retail Inflation rate, CPI, CFPI data for Aug 2021 in comparison to last month and last year
Retail Inflation rate, CPI, CFPI data for Aug 2021 in comparison to last month and last year

Inflation rate and CPI-CFPI official circular by NSO for Aug 2021:

Inflation in monthInflation % data% Change in Inflation over last month Y-o-Y
Aug 2021 inflation rate5.30– 5.19%
July 2021 inflation rate5.59-10.70 %
June 2021 inflation rate 6.26-0.63 %
May 2021 inflation rate 6.3048.94%
April 2021 inflation rate 4.23-22.28%
March 2021 inflation rate 5.529.74 %
February 2021 inflation rate 5.0323.89 %
January 2021 inflation rate 4.06-11.55 %
December 2020 inflation rate 4.59-33.77 %
November 2020 inflation rate 6.93-8.94 %
October 2020 inflation rate 7.614.68 %
September 2020 inflation rate 7.278.67 %
August 2020 inflation rate 6.69-0.59 %
July 2020 inflation rate 6.738.03 %
June 2020 inflation rate 6.23-0.48 %
May 2020 inflation rate 6.26-13.30 %
April 2020 inflation rate 7.2223.63 %
March 2020 inflation rate 5.84-11.25 %
February 2020 inflation rate 6.58-13.31 %
January 2020 inflation rate 7.59
Rate of inflation in India month wise data

Retail Inflation rate in India in Aug 2021:

On 13.09.2021, the National Statistical Office (NSO), under Ministry of Statistics and Programme Implementation (MoSPI) has released All India Consumer Price Index (CPI) on Base 2012=100 and corresponding Consumer Food Price Index (CFPI) for Rural (R), Urban (U) and Combined (C) for the month of Aug 2021 (Provisional).

The Price data are collected from representative and selected 1114 urban markets and 1181 villages covering all States / UTs by NSO.

State/UT wise General Consumer Price Indices for Aug 2021 (Provisional) (Base: 2012=100) :

The CPI (General) for state or UT wise has been attached below.

  1. The Highest CPI (General) among all states and UTs – Manipur
  2. The Lowest CPI (General) among all states and UTs – Delhi

State / UT wise year-on-year inflation rates (%) for Aug 2021 (Provisional) (Base: 2012=100) :

The year-on-year inflation rates (%) for state or UT wise has been attached below.

  1. The Highest year-on-year inflation rates (%) among all states and UTs – Himachal Pradesh
  2. The Lowest year-on-year inflation rates (%) among all states and UTs – Assam

What is Inflation?:

  1. Inflation means the rise in prices of goods and services. It includes the rise in prices of daily consumable items like milk, egg, cereals, fruits & Vegetables, meat and fish. Also it reflects the rise in cost of clothing and footwear, food and beverages, Housing, fuel and lights, expenditure on Education and Health, Recreation and amusement, Transport and communication and many more.
  2. Inflation means the decline in purchasing power of a currency over a period of time for a country. So, inflation indicates the quantitative rate of the decline in purchasing power, in which the rise in average prices of selected goods and services are measured over a period of time.

What is CPI, Consumer Price Index inflation?

Consumer Price Index is an index which collects the changes in prices of selected items from goods and services. The list of items keeps on updating by Government. So, based on the changes in Consumer Price Index, inflation is calculated. Consumer Price Index, CPI’s yearly changes in percentage is used to calculate inflation.

Consumer Price Index Formula or Consumer Price Index calculator:

How the Consumer Price Index is calculated? The Consumer Price Index is calculated with reference to a base year. We get value of Consumer Price Index, if Cost of Basket (current year) is divided by Cost of Basket (base year), and the result is multiplied by 100.

Consumer Price Index Formula = [Cost of Basket (current year) / Cost of Basket (base year)] x 100

Rate of inflation in India month wise data of year 2020, 2021:

Rate of inflation data of India includes the following items:

  1. Food and beverages –
    1. Cereals and products
    2. Meat and fish
    3. Egg
    4. Milk and products
    5. Oils and fats
    6. Fruits
    7. Vegetables
    8. Pulses and products
    9. Sugar and Confectionery
    10. Spices
    11. Non-alcoholic beverages
    12. Prepared meals, snacks, sweets etc.
  2. Pan, tobacco and intoxicants
  3. Clothing and footwear
  4. Housing
  5. Fuel and light
  6. Miscellaneous
    1. Household goods and services
    2. Health
    3. Transport and communication
    4. Recreation and amusement
    5. Education
    6. Personal care and effects

Components of CFPI, Consumer Food Price Index :

CFPI, Consumer Price Index consists of 10 sub-groups under group Food and beverages, named below: Food and beverages –

  1. Cereals and products
  2. Meat and fish
  3. Egg
  4. Milk and products
  5. Oils and fats
  6. Fruits
  7. Vegetables
  8. Pulses and products
  9. Sugar and Confectionery
  10. Spices

Disclaimer: Kindly consult official website of RBI for any confusion or clarifications.

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