Average medical inflation in India 2018-2023

Published by A. Minhas, May 21, 2024
In financial year 2022, the cost of healthcare goods and services, also known as medical inflation, reached approximately 13.6 percent in India. This figure was significantly higher than the general inflation rate in the country. In fiscal year 2023, medical inflation is forecasted to decrease to 10.3 percent.

Average medical inflation in India from 2018 to 2022, with forecast for 2023

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Release date

December 2023

Region

India

Survey time period

2018 to 2022

Supplementary notes

*Forecast.

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