CPI retail inflation at 5.49% in September 2024; food inflation 9.24%
On 14 October 2024, in India, MoSPI released CPI data: all-India year-on-year inflation of 5.49% for September 2024.
Summary
On 14 October 2024, in India, the Ministry of Statistics and Programme Implementation released Consumer Price Index (base 2012=100) numbers for September 2024. All-India year-on-year CPI inflation was 5.49%, with rural at 5.87% and urban at 5.05%. Consumer Food Price Index (CFPI) inflation was 9.24% (provisional), with rural at 9.08% and urban at 9.56%. Housing inflation (urban only) was 2.78%, against 2.66% in August 2024. Electricity inflation was 5.45%.
Key facts
- CPI inflation Sep 2024
- 5.49%
- Rural / Urban
- 5.87% / 5.05%
- CFPI inflation
- 9.24% (provisional)
- Housing inflation
- 2.78% (urban only)
- Base
- 2012=100
Practice MCQs 3 questions
What was the all-India year-on-year CPI inflation rate for September 2024?
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Correct answer: B — 5.49%
MoSPI via PIB (14 Oct 2024): year-on-year inflation rate based on All India CPI for September 2024 is 5.49%.
What was the all-India Consumer Food Price Index (CFPI) inflation for September 2024?
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Correct answer: C — 9.24%
MoSPI via PIB (14 Oct 2024): year-on-year inflation based on All India CFPI is 9.24% (Provisional) for September 2024.
Consider the following statements about CPI data for September 2024: 1. Rural CPI inflation was lower than urban CPI inflation. 2. CFPI inflation was below 5%. Which of the statements given above is/are correct?
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Correct answer: D — Neither 1 nor 2
Neither is correct per MoSPI (14 Oct 2024): rural inflation 5.87% was higher than urban 5.05%, and CFPI inflation was 9.24%.