Current Inflation Rate 2024 March. Current annual inflation for the 12 months ending august 2024 is 2.53%. 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).

The central bank began aggressively hiking interest rates in april 2022 to tame skyrocketing inflation, and it made its first rate cut since march 2020 in june. Us inflation rate is at 2.53%, compared to 2.89% last month and 3.67% last year.