Retail inflation rises to 6.21% in October 2024
On 12 November 2024, the Statistics Ministry said year-on-year CPI inflation for October 2024 was 6.21%, with food inflation at 10.87%.
Summary
On 12 November 2024, the Ministry of Statistics and Programme Implementation said all-India year-on-year inflation based on the Consumer Price Index (base 2012=100) was 6.21% in October 2024, with rural and urban rates of 6.68% and 5.62%. Consumer Food Price Index inflation was 10.87% (provisional), 10.69% rural and 11.09% urban. Housing inflation was 2.81%. The ministry said high food inflation was mainly due to vegetables, while pulses, eggs, sugar and spices saw a significant decline in inflation.
Key facts
- Released
- 12 Nov 2024, MoSPI
- CPI inflation (Oct 2024)
- 6.21% (rural 6.68%, urban 5.62%)
- Food (CFPI)
- 10.87% provisional (rural 10.69%, urban 11.09%)
- Housing
- 2.81%
- Base year
- 2012
- Main driver
- Vegetables
Practice MCQs 2 questions
All-India year-on-year CPI inflation for October 2024, released on 12 November 2024, was:
Show answer
Correct answer: A — 6.21%
PIB (MoSPI): year-on-year CPI inflation for October 2024 is 6.21%; 6.68% is the rural rate.
Consumer Food Price Index (CFPI) inflation for October 2024 (provisional) was:
Show answer
Correct answer: D — 10.87%
PIB (MoSPI): all-India CFPI inflation for October 2024 is 10.87% (provisional); 11.09% is the urban rate.