All India CPI (General): The inflation rate for October 2024 is 6.21%, with rural areas seeing a higher inflation of 6.68%, compared to 5.62% in urban areas.
Consumer Food Price Index (CFPI): The inflation rate for food items stands at 10.87% for October 2024, with rural inflation at 10.69% and urban inflation at 11.09%.
Category | Rural Inflation (%) | Urban Inflation (%) | Combined Inflation (%) |
---|---|---|---|
CPI (General) | 6.68% | 5.62% | 6.21% |
CFPI | 10.69% | 11.09% | 10.87% |
Category | Rural CPI (General) | Urban CPI (General) | Combined CPI (General) |
---|---|---|---|
Index | 199.5 | 193.7 | 196.8 |
Monthly Change (%) | 1.42% | 1.20% | 1.34% |
Category | Rural CFPI | Urban CFPI | Combined CFPI |
---|---|---|---|
Index | 208.2 | 216.3 | 211.1 |
Monthly Change (%) | 2.56% | 2.56% | 2.58% |
Sub-group | Inflation Rate (%) – Rural | Inflation Rate (%) – Urban | Inflation Rate (%) – Combined |
---|---|---|---|
Cereals & Products | 7.27% | 6.19% | 6.94% |
Vegetables | 41.94% | 42.63% | 42.18% |
Pulses & Products | 7.61% | 7.05% | 7.43% |
Milk & Products | 2.81% | 3.13% | 2.97% |
Oils & Fats | 10.91% | 7.07% | 9.51% |
Why in News | Key Points |
---|---|
Inflation Data for India (October 2024) | – CPI (Consumer Price Index) inflation: 6.21% (YoY) for India in October 2024. – Rural CPI inflation: 6.68%. – Urban CPI inflation: 5.62%. – Food inflation: 10.87% based on the Consumer Food Price Index (CFPI). – Vegetables saw the highest inflation, followed by oils and fruits. – Pulses and eggs saw a decline in inflation. |
State-wise Inflation | – Rural inflation higher than urban inflation due to food prices and regional differences. |
Key Consumer Categories Affected | – Food products: Vegetables, fruits, and oils saw the highest inflation. – Housing: 2.81% inflation. – Electricity: 5.45% inflation. |
Economic Indicators | – CPI Urban (October 2024) increased by 1.20% MoM from September 2024. |
Static Information (CPI Definition) | – CPI measures the average change over time in the prices paid by urban consumers for a basket of goods and services. |
Consumer Food Price Index (CFPI) | – A subset of the CPI, measures food inflation, with a current rate of 10.87% in October 2024. |
Key Government Schemes Mentioned | – Inflation Relief: No specific scheme mentioned in the article, but inflation relief measures are typically part of economic policy. |
Impacts on Urban vs. Rural Areas | – Urban inflation is generally less affected by food prices than rural areas, which are more dependent on agricultural products. |
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