Click here to Visit the RBI’s new website

BBBPLogo

Annual Report


Note : To read the chapter of your choice, please click on the links below. You can also read past reports by accessing the archives in the right panel.
(12 kb) or (126 kb)
Date : May 30, 2024
Inflation, Money and Credit
(Per cent)
Inflation
Consumer Price Index (All India) Rural Urban Combined
2021-22 2022-23 2023-24 2021-22 2022-23 2023-24 2021-22 2022-23 2023-24
1 2 3 4 5 6 7 8 9 10
General Index (All Groups) 5.4 6.8 5.6 5.6 6.4 5.1 5.5 6.7 5.4
Food and Beverages 3.9 6.8 6.9 4.7 6.5 7.3 4.2 6.7 7.0
Housing 3.7 4.3 3.9 3.7 4.3 3.9
Fuel and Light 10.0 9.6 1.8 13.4 11.6 0.3 11.3 10.3 1.2
Miscellaneous 6.6 5.9 4.6 6.8 6.6 4.4 6.7 6.3 4.5
Excluding Food and Fuel 6.7 6.3 4.5 5.4 5.9 4.2 6.0 6.1 4.3
Other Price Indices 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
1. Wholesale Price Index (2011-12=100)                  
All Commodities -3.7 1.7 2.9 4.3 1.7 1.3 13.0 9.4 -0.7
Primary Articles -0.4 3.4 1.4 2.7 6.8 1.7 10.2 10.0 3.5
of which : Food Articles 2.6 4.0 2.1 0.3 8.4 3.2 4.1 7.3 6.6
Fuel and Power -19.7 -0.3 8.2 11.5 -1.8 -8.0 32.5 28.1 -4.5
Manufactured Products -1.8 1.3 2.7 3.7 0.3 2.8 11.1 5.6 -1.7
Non-food Manufactured Products -1.8 -0.1 3.0 4.2 -0.4 2.2 11.0 5.8 -1.4
2. CPI- Industrial Workers (IW) [2016=100] # 5.6 4.1 3.1 5.4 7.5 5.0 5.1 6.1 5.3
of which : CPI- IW Food 6.1 4.4 1.5 0.6 7.4 5.8 4.7 6.1 7.2
3. CPI- Agricultural Labourers (1986-87=100) ## 4.4 4.2 2.2 2.1 8.0 5.5 4.0 6.8 7.0
4. CPI- Rural Labourers (1986-87=100) ## 4.6 4.2 2.3 2.2 7.7 5.5 4.2 7.0 6.9
Money and Credit
  2015-16 2016-17^ 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24^^
Reserve Money (RM) 13.1 -12.9 27.3 14.5 9.4 18.8 13.0 7.8 6.7
Currency in Circulation 14.9 -19.7 37.0 16.8 14.5 16.6 9.8 7.8 4.1
Bankers’ Deposits with RBI 7.8 8.4 3.9 6.4 -9.6 28.5 25.4 6.1 15.4
Currency-GDP Ratio$ 12.1 8.7 10.7 11.3 12.2 14.4 13.3 12.5 12.0
Narrow Money (M1) 13.5 -3.9 21.8 13.6 11.2 16.2 10.7 6.9 7.5
Broad Money (M3) 10.1 6.9 9.2 10.5 8.9 12.2 8.8 9.0 11.2
Currency-Deposit Ratio 16.0 11.0 14.4 15.4 16.3 17.2 17.4 17.3 16.0
Money Multiplier* 5.3 6.7 5.8 5.6 5.5 5.2 5.0 5.2 5.4
GDP-M3 Ratio$* 1.2 1.2 1.2 1.2 1.2 1.1 1.2 1.2 1.2
Scheduled Commercial Banks                  
Aggregate Deposits 9.3 11.3 6.2 10.0 7.9 11.4 8.9 9.6 12.9
Bank Credit 10.9 4.5 10.0 13.3 6.1 5.6 9.6 15.0 16.3
Non-food Credit 10.9 5.2 10.2 13.4 6.1 5.5 9.7 15.4 16.3
Credit-Deposit Ratio 77.7 72.9 75.5 77.7 76.4 72.4 72.2 75.8 78.1
Credit-GDP Ratio$ 52.6 50.9 50.5 51.7 51.6 55.2 50.4 50.7 54.1
# : Data for 2023-24 pertain to April - January.
## : Data for 2023-24 pertain to April - February.
… : CPI Rural for Housing is not compiled.
^ : March 31, 2017 over April 1, 2016, barring RM and its components.
^^ : Data for reserve money pertain to March 29, 2024, while that of money supply relate to March 22, 2024.
$ : GDP data from 2011-12 onwards are based on new series i.e., base: 2011-12. GDP refers to GDP at current market prices.
* : Not expressed in per cent.
Note : 1. Data refers to y-o-y change in per cent unless specified otherwise.
2. Base for Consumer Price Index (All India) is 2012 = 100, whereas base for CPI-IW is 2001=100 till August 2020 and 2016 = 100 from September 2020 onwards.
Source : RBI, NSO, Labour Bureau and Ministry of Commerce and Industry.


Index


Top