Economy - Reports
CPI jumps to 14 month high as food price inflation hits nearly 11% As on : 12-Nov-24  17:12

India’s retail inflation as measured by the consumer price index or CPI hit a 14-month high in October according to data released today. The year-on-year inflation rate based on All India CPI for the month of October, 2024 is 6.21% compared with 5.5% in the previous month. Corresponding inflation rates for rural and urban are 6.68% and 5.62%, respectively. Year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) number is 10.87% (Provisional) for the month of October, 2024. Corresponding inflation rate for rural and urban are 10.69% and 11.09%, respectively.

Year-on-year Housing inflation rate for the month of October, 2024 is 2.81%. Corresponding inflation rate for the month of September, 2024 was 2.72%. The All India Electricity index and inflation for the month of October, 2024 are 162.5 and 5.45% respectively. Corresponding index and inflation for the month of September, 2024 was 162.4 and 5.39% respectively. During the month of October, 2024 significant decline in inflation is observed in Pulses & products, Eggs, Sugar & confectionery and spices subgroup. High food inflation in October, 2024 is mainly due to increase in inflation of vegetables, fruits and oils and fats.

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