July 2024 CPI inflation: The Consumer Price Index (CPI) inflation for the month of July eased sharply to 3.54%. This is the lowest retail inflation in 59 months or nearly 5 years according to the Ministry of Statistics data released today.
According to MoSPI data, the provisional inflation rate stands at 3.54% for the entire country, with rural areas experiencing a higher rate of 4.10% compared to 2.98% in urban regions.
Moreover, the All India Consumer Food Price Index (CFPI) reveals that food inflation in July 2024 has reached its lowest level since June 2023. The provisional year-on-year food inflation rate is 5.42% nationwide, with rural areas at 5.89% and urban areas at 4.63%.
In July 2024, all groups witnessed a reduction in inflation rates, with notable decreases observed in the vegetables, fruits, and spices subgroups.
This story is being updated
According to MoSPI data, the provisional inflation rate stands at 3.54% for the entire country, with rural areas experiencing a higher rate of 4.10% compared to 2.98% in urban regions.
Moreover, the All India Consumer Food Price Index (CFPI) reveals that food inflation in July 2024 has reached its lowest level since June 2023. The provisional year-on-year food inflation rate is 5.42% nationwide, with rural areas at 5.89% and urban areas at 4.63%.
In July 2024, all groups witnessed a reduction in inflation rates, with notable decreases observed in the vegetables, fruits, and spices subgroups.
This story is being updated
