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India’s CPI Inflation October 2024: Food inflation also jumped to 10.87 per cent.
Official CPI inflation data for October 2024 has been released.
India’s retail inflation, based on the Consumer Price Index (CPI), in October 2024 surged to a 14-month high of 6.21 per cent, according to the latest official data released on Tuesday. However, industrial production grew by 3.1 per cent in September 2024.
India’s retail inflation had stood at 5.49 per cent in the previous month of September 2024. It was at 4.87 per cent in October 2023.
Food inflation also jumped to 10.87 per cent, compared with 9.24 per cent in September 2024 and 6.61 per cent in October 2023.
“Year-on-year inflation rate based on All India Consumer Price Index(CPI)for the month of October, 2024 is 6.21%. Corresponding inflation rates for rural and urban are 6.68%and5.62%, respectively,” the finance ministry said in a statement.
