# Inflation, consumer prices (annual %)
- The **"Inflation, consumer prices (annual %)"** indicator measures the **annual percentage change** in the cost of a **basket of goods and services** typically purchased by households.
- It is a **key indicator of inflation**, reflecting how much the prices of these goods and services have **increased (or decreased)** over a year.
- The chart displays the **percentage change in consumer prices (inflation)** in **India** for the years **2000 to 2023**.