India's retail inflation for Sept surges to 9-month high at 5.5%
MoSPI says the increase in inflation rate for September 2024 is due to high base effect and weather conditions
MoSPI says the increase in inflation rate for September 2024 is due to high base effect and weather conditions
Driven by an increase in food inflation, the overall retail inflation in August rose in both rural and urban areas, though it’s the 'second lowest' in five years
The RBI and the IMF have projected that India's consumer price inflation will "progressively align towards the inflation target" in FY26
The surge is driven by increased costs of food items, food products manufacturing, crude petroleum, natural gas, mineral oils, and other manufacturing sectors
This headline rate has remained below 5% for three consecutive months since March 2024.
The final leg of this disinflation journey may be tough, says RBI governor Shaktikanta Das
Despite a fall in CPI inflation, food inflation in April 2024 surged to a four-month high at 8.70%
"Overall, the second-round effects of food and fuel inflation on headline have become subdued, especially after the adoption of flexible inflation targeting (FIT) in India," says the apex bank.
CPI inflation softens to a nine-month low.
The month-on-month change in the WPI index for February 2024 was 0.07% compared to January 2024.