The inflation level remains within the Reserve Bank of India’s tolerance range of 2-6%. The inflation rate for rural areas was 5.87% and 5.05% for urban areas. The data shows that inflation of the subgroups of pulses and products, spices, meat and fish and sugar and confectionery has decreased month on month.
The Consumer Price Index or CPI measures retail inflation by examining changes in the prices of the most common consumer goods and services. The CPI is calculated for a fixed list of items including food, housing, clothing, transportation, electronics, healthcare, education, etc.
According to a CNBC-TV18 survey, The September CPI was projected at around 5.22%, compared to 5.02% in the same period last year. Retail inflation stood at 3.65% in Augustcompared to 3.54% in July. Core inflation is expected to rise to 3.5%, up from 3.4% in August, due to rising gold prices.
First published: October 14, 2024 17:39 IS
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