diff --git a/infinite/index.ts b/infinite/index.ts
index 56297fc95..bd44be3fd 100644
--- a/infinite/index.ts
+++ b/infinite/index.ts
@@ -258,14 +258,17 @@ export const infinite = (<Data, Error>(useSWRNext: SWRHook) =>
       size: resolvePageSize(),
       setSize,
       mutate,
-      get error() {
-        return swr.error
-      },
       get data() {
         return swr.data
       },
+      get error() {
+        return swr.error
+      },
       get isValidating() {
         return swr.isValidating
+      },
+      get isFallback() {
+        return swr.isFallback
       }
     } as SWRInfiniteResponse<Data, Error>
   }) as unknown as Middleware
diff --git a/src/types.ts b/src/types.ts
index 144ab9c33..ccaad377d 100644
--- a/src/types.ts
+++ b/src/types.ts
@@ -216,10 +216,11 @@ export type SWRConfiguration<
 > = Partial<PublicConfiguration<Data, Error, Fn>>
 
 export interface SWRResponse<Data = any, Error = any> {
-  data?: Data
-  error?: Error
+  data: Data | undefined
+  error: Error | undefined
   mutate: KeyedMutator<Data>
   isValidating: boolean
+  isFallback: boolean
 }
 
 export type KeyLoader<Args extends Arguments = Arguments> =
diff --git a/src/use-swr.ts b/src/use-swr.ts
index 26404dfe5..f8e816da3 100644
--- a/src/use-swr.ts
+++ b/src/use-swr.ts
@@ -307,8 +307,11 @@ export const useSWRHandler = <Data = any, Error = any>(
       } catch (err) {
         cleanupState()
 
+        const currentConfig = getConfig()
+        const { shouldRetryOnError } = currentConfig
+
         // Not paused, we continue handling the error. Otherwise discard it.
-        if (!getConfig().isPaused()) {
+        if (!currentConfig.isPaused()) {
           // Get a new error, don't use deep comparison for errors.
           set({ error: err })
           newState.error = err as Error
@@ -316,21 +319,26 @@ export const useSWRHandler = <Data = any, Error = any>(
           // Error event and retry logic. Only for the actual request, not
           // deduped ones.
           if (shouldStartNewRequest && isCurrentKeyMounted()) {
-            getConfig().onError(err, key, config)
+            currentConfig.onError(err, key, currentConfig)
             if (
-              (typeof config.shouldRetryOnError === 'boolean' &&
-                config.shouldRetryOnError) ||
-              (isFunction(config.shouldRetryOnError) &&
-                config.shouldRetryOnError(err as Error))
+              shouldRetryOnError === true ||
+              (isFunction(shouldRetryOnError) &&
+                shouldRetryOnError(err as Error))
             ) {
-              // When retrying, dedupe is always enabled
               if (isActive()) {
-                // If it's active, stop. It will auto revalidate when refocusing
-                // or reconnecting.
-                getConfig().onErrorRetry(err, key, config, revalidate, {
-                  retryCount: (opts.retryCount || 0) + 1,
-                  dedupe: true
-                })
+                // If it's inactive, stop. It will auto revalidate when
+                // refocusing or reconnecting.
+                // When retrying, deduplication is always enabled.
+                currentConfig.onErrorRetry(
+                  err,
+                  key,
+                  currentConfig,
+                  revalidate,
+                  {
+                    retryCount: (opts.retryCount || 0) + 1,
+                    dedupe: true
+                  }
+                )
               }
             }
           }
@@ -546,6 +554,12 @@ export const useSWRHandler = <Data = any, Error = any>(
     get isValidating() {
       stateDependencies.isValidating = true
       return isValidating
+    },
+    get isFallback() {
+      stateDependencies.data = true
+      // `isFallback` is only true when we are displaying a value other than
+      // the cached one.
+      return data !== cachedData
     }
   } as SWRResponse<Data, Error>
 }
diff --git a/test/use-swr-cache.test.tsx b/test/use-swr-cache.test.tsx
index b3965eb40..b50851989 100644
--- a/test/use-swr-cache.test.tsx
+++ b/test/use-swr-cache.test.tsx
@@ -198,19 +198,23 @@ describe('useSWR - cache provider', () => {
   it('should support fallback values with custom provider', async () => {
     const key = createKey()
     function Page() {
-      const { data } = useSWR(key, async () => {
+      const { data, isFallback } = useSWR(key, async () => {
         await sleep(10)
         return 'data'
       })
-      return <>{String(data)}</>
+      return (
+        <>
+          {String(data)},{String(isFallback)}
+        </>
+      )
     }
 
     renderWithConfig(<Page />, {
       provider: () => provider,
       fallback: { [key]: 'fallback' }
     })
-    screen.getByText('fallback') // no `undefined`, directly fallback
-    await screen.findByText('data')
+    screen.getByText('fallback,true') // no `undefined`, directly fallback
+    await screen.findByText('data,false')
   })
 
   it('should not return the fallback if cached', async () => {
diff --git a/test/use-swr-loading.test.tsx b/test/use-swr-loading.test.tsx
index 8d47bfa98..625195a74 100644
--- a/test/use-swr-loading.test.tsx
+++ b/test/use-swr-loading.test.tsx
@@ -138,7 +138,7 @@ describe('useSWR - loading', () => {
     }
 
     renderWithConfig(<Page />)
-    screen.getByText('data,error,isValidating,mutate')
+    screen.getByText('data,error,isFallback,isValidating,mutate')
   })
 
   it('should sync loading states', async () => {