Inflation rate in India was 5.5% as of May 2019, as per the Indian Ministry of Statistics and Programme Implementation. This represents a modest reduction from the previous annual figure of 9.6% for June 2011. Inflation rates in India are usually quoted as changes in the Wholesale Price Index (WPI), The former Governor of RBI C. Rangarajan points out that there is a long-term 4A. Maturity Breakdown (by Residual Maturity) of Outstanding Forwards of RBI ( US$ Million), 8 kb, 200 kb 21. Wholesale Price Index, 22 kb, 267 kb. 22. Index As recorded history goes, Wholesale Price Indices for India have been published from the period of the Second World War. The first Economic Adviser to the