India: in February 2022 the Reserve Bank of India expected inflation of 4.5% for fiscal 2022/23; the outcome was 6.7%
Forecasts of 26 releases (2021–2025) for the fiscal year starting in April of the release year: the outcome above the forecast 13 times, below 13; typical error +0.05 percentage points. The largest under-forecast in February 2022: 4.5% expected for fiscal 2022/23, the outcome was 6.7%.
Source: Central banks: published forecasts; actual: official statisticsOpen on the chart →