Current Inflation Rate 2024 March. Since march 1993, the exchange rate of the indian rupee (inr) is market determined. The annual rate of inflation based on all india wholesale price index (wpi) number is 0.53% (provisional) for the month of march, 2024 (over march, 2023).

Final index for the month of february, 2024 (base year: Goods inflation (with a weight of 76.6 per cent in the overall cpi) contributed around 88 per cent of headline inflation between march and june 2024 and around 82 per cent in july and august 2024 (chart ii.7b).