Inflation Rate In India 2024. The annual inflation rate based on all india consumer price index (cpi) number is 4.83% (provisional) for the month of april, 2024 (over april, 2023). The current inflation rate in india is 2.44%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in august 2024.
Mospi statement says the inflation for august 2024 is the second lowest since june 2023. The surge in food and beverage prices has emerged as a key factor driving india’s inflation in the fiscal year 2024, according to the reserve bank of india’s (rbi) annual report.