India's central bank target inflation rate is 4% +- 2%, and even now the rate is still at 7-8% and they're in no hurry to try to reduce it (https://www.reuters.com/world/india/exclusive-india-govt-in-...).
What’s even more relevant to the Indian situation is that much of that inflation is being driven by the strength of the dollar which has made imports more expensive.
The U.S., of course, is on the other side of that problem. The ridiculously strong dollar means that solely currency effects should be making things cheaper for Americans.