India - Consumer price inflation

5.0 (%) in 2024

Inflation rate of India slumped by 12.32% from 5.6 % in 2023 to 5.0 % in 2024. Since the 30.55% surge in 2022, inflation rate sank by 26.06% in 2024.

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What is inflation rate?

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

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What is India inflation rate?