CPI

Retail inflation declines to 5.48% in November 2024

India’s retail inflation eased to 5.48% in November 2024, declining from 6.21% recorded in October, according to data released by the Ministry of Statistics and Programme Implementation. The inflation rate for November remained within the Reserve Bank of India’s target range of 2-6%. The rural inflation rate for the month stood at 5.95%, while urban inflation was recorded at 4.83%. Food inflation, a major contributor to overall inflation, was at 9.04% in November, down from 10.87% in Octobe...

September 16, 2024 6:06 PM

India’s retail inflation surges past 5% in June, triggered by food prices

India's retail inflation rate has broken its recent trend of moderation, climbing above 5% in June 2024, primarily due to rising food prices. This uptick poses fresh challenges for policymakers who have been working to manage inflationary pressures. According to official data released Friday, the Consumer Price Index (CPI)-based inflation rate for June stood at 5.08% year-on-year. The inflation rates for rural and urban areas were recorded at 5.66% and 4.39% respectively. The surge in food pri...