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Inflation Trends in India: October 2024 Analysis

Inflation Trends in India: October 2024 Analysis
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Inflation Trends in India: October 2024 Analysis

CategoryRural Inflation (%)Urban Inflation (%)Combined Inflation (%)
CPI (General)6.68%5.62%6.21%
CFPI10.69%11.09%10.87%
CategoryRural CPI (General)Urban CPI (General)Combined CPI (General)
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Index199.5193.7196.8
Monthly Change (%)1.42%1.20%1.34%
CategoryRural CFPIUrban CFPICombined CFPI
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Index208.2216.3211.1
Monthly Change (%)2.56%2.56%2.58%
Sub-groupInflation Rate (%) - RuralInflation Rate (%) - UrbanInflation Rate (%) - Combined
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Cereals & Products7.27%6.19%6.94%
Vegetables41.94%42.63%42.18%
Pulses & Products7.61%7.05%7.43%
Milk & Products2.81%3.13%2.97%
Oils & Fats10.91%7.07%9.51%
SectorInflation Rate (%)
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Housing (Urban)2.81%
Electricity5.45%
Why in NewsKey Points
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Inflation Data for India (October 2024)- CPI inflation: 6.21% (YoY). - Rural CPI inflation: 6.68%. - Urban CPI inflation: 5.62%. - Food inflation: 10.87% (CFPI). - Vegetables, fruits, and oils/fats saw the highest inflation. - Pulses, eggs, sugar, confectionery, and spices saw a decline in inflation.
State-wise InflationRural inflation higher than urban inflation due to food prices and regional differences.
Key Consumer Categories Affected- Food products: Vegetables, fruits, and oils. - Housing: 2.81% inflation. - Electricity: 5.45% inflation.
Economic IndicatorsCPI Urban increased by 1.20% MoM from September 2024.
Static Information (CPI Definition)CPI measures the average change in prices paid by urban consumers for goods and services.
Consumer Food Price Index (CFPI)Measures food inflation; current rate: 10.87% in October 2024.

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