The Ministry of Statistics and Programme Implementation (MoSPI) released India’s Consumer Price Index (CPI) data for October 2024, revealing a year-on-year inflation rate of 6.21%, up from 5.49% in September. This figure surpasses the estimated 5.81% and marks the highest inflation rate in 14 months, signaling rising consumer prices.
Key Highlights:
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- CPI Inflation (YoY) for October 2024: 6.21% (vs. 5.49% previous, 5.81% estimated)
- Index of Industrial Production (IIP) for September 2024: 3.1% (vs. -0.1% previous, 2.5% estimated)
- Cumulative Industrial Production for September 2024: 4.00% (vs. 4.20% previous)
- Manufacturing Output (MoM) for September 2024: 3.9% (vs. 1.0% previous)
The updated 4 PM release time for CPI and IIP data aims to improve accessibility and aligns with international standards, giving analysts and market participants earlier insights into these critical indicators.
