Inflation Rate 2024 India. Cpi is widely used as a macroeconomic indicator of inflation, as a tool by governments and central banks for inflation targeting and for monitoring price stability, and as deflators in the national accounts. The annual consumer inflation rate in india fell sharply to 3.54% in july of 2024 from 5.08% in the earlier month, well below market expectations of 3.65%, to mark the softest rise in consumer prices since august 2019.
โ according to the data released by the ministry of statistics and programme implementation, india’s retail inflation dropped below rbi’s target in july 2024 to 3.54 percent. The table below contains annual inflation rates in india from 1958.
