Retail inflation stands at 3.65% in August, IIP at 4.8% in July
Decline in inflation is observed in the subgroups of ‘Spices’, ‘Meat and Fish’ and ‘Pulses and products’ etc.
Decline in inflation is observed in the subgroups of ‘Spices’, ‘Meat and Fish’ and ‘Pulses and products’ etc.
Year-on-year inflation rate based on All India Consumer Price Index (CPI) number is 3.54% (Provisional) for the month of July, 2024, which is the lowest in the last 59 months, said the Ministry of Statistics & Programme Implementation (MoSPI).
Central banks remain steadfast and data-dependent in their fight against inflation.
All India inflation based on General CPI is lowest for the month of May 2024 after May 2023. It is less than 6% since September 2023, the government data said.
The annual inflation rate based on the all India Consumer Price Index (CPI) number stands at 4.83 per cent for April over the same month last year, the government data said on Monday.
The inflation also eased in March from February’s 5.09%.
As per the data released by the government, the rural inflation came at 5.34 per cent in February.
Vegetable inflation registered a rate of 17.7 per cent, while the inflation for fuel and light experienced a contraction of (-)0.77 per cent.
However, the inflation in rural areas is higher as compared to urban area.
Chief Minister Himanta Biswa Sarma attributed it to the policy measures his government had taken to maintain stability in prices.
