Consumer price inflation stands at 5.49% in September, retail food prices jump 9.24% | Capital market news

Consumer price-based inflation in India reached 5.49% on an annual basis in September. With this increase, inflation fell from 3.65% to its lowest level in 5 years. This is also the first time since July that it has exceeded the Reserve Bank of India’s (RBI) medium-term target of 4%. The year-on-year inflation rate based on the All India Consumer Price Index (CPI) for the month of September for rural and urban areas is 5.87% and 5.05%, respectively . It is likely that the increase in the inflation rate for September 2024 is due to a high base effect and weather conditions. The year-on-year inflation rate, based on the All India Consumer Food Price Index (CFPI), is 9.24% (provisional) for September 2024, up sharply compared to 5.66% the previous month. The corresponding inflation rate for rural and urban areas is 9.08% and 9.56%, respectively.

Powered by Capital Market – Live News

Disclaimer: No Business Standard journalists were involved in the creation of this content.