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India’s CPI Inflation October 2024: Food inflation additionally jumped to 10.87 per cent.
Official CPI inflation knowledge for October 2024 has been launched.
India’s retail inflation, based mostly on the Consumer Price Index (CPI), in October 2024 surged to a 14-month excessive of 6.21 per cent, in keeping with the newest official knowledge launched on Tuesday. However, industrial manufacturing grew by 3.1 per cent in September 2024.
India’s retail inflation had stood at 5.49 per cent within the earlier month of September 2024. It was at 4.87 per cent in October 2023.
Food inflation additionally jumped to 10.87 per cent, in contrast with 9.24 per cent in September 2024 and 6.61 per cent in October 2023.
“Year-on-year inflation charge based mostly on All India Consumer Price Index(CPI)for the month of October, 2024 is 6.21%. Corresponding inflation charges for rural and concrete are 6.68percentand5.62%, respectively,” the finance ministry said in a statement.
