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 all-India CPI-IW for May 2024 rose by 0.5 points to 139.9 points, up from 139.4 points in April 2024.
This headline rate has remained below 5% for three consecutive months since March 2024.
The ministry said the prices of clothing, footwear, housing, household goods and services, health, education have come down in the last eleven months.
CPI inflation softens to a nine-month low.
High visibility of “structural demand and healthier corporate and bank balance sheets” will be galvanising forces for growth going forward, says the central bank
Food price inflation, however, continued its upward trajectory, rising to 8.66% in February, from 8.3% in January.
There has been a stable downward movement in core inflation and moderation in food prices; core inflation for FY24 lowest since FY21, says the ministry
The Indian economy continues to sustain the momentum achieved in the first half of 2023-24, going by high-frequency indicators, write RBI economists