Cpi May 2024 India. India’s retail inflation eased to 3.54% in july, from 5.08% in june and 4.75% in may 2024, according to the latest ministry of statistics and programme implementation data. India's consumer price index (cpi) inflation came in at 4.75% (provisional) for the month of may, 2024, which has eased for the fifth consecutive month.
The inflation rate increased due to higher prices of food, electricity, crude petroleum and natural gas, food. 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.