India’s Consumer Price Index (CPI) inflation for September 2024 rose to 5.49% on a year-on-year basis, up from 3.65% in the previous month. This increase was driven by both urban and rural inflation rates, with rural inflation at 5.87% and urban inflation at 5.05%.
Food prices, reflected in the Consumer Food Price Index (CFPI), saw a substantial rise, with inflation climbing to 9.24% in September 2024. The rural food inflation stood at 9.08%, while urban areas saw an even higher rate of 9.56%. This marks a significant increase compared to the previous month’s figures, which were much lower.
The CPI index itself showed an increase, with the combined index reaching 194.2, up from 193.0 in August 2024. Similarly, the CFPI index saw a rise to 205.8 in September 2024, up from 200.8 in August.
This surge in inflation can be attributed to several factors, including adverse weather conditions, which affected food supply and caused price increases.
