What Is Current Inflation Rate In India 2024. India's economy could grow at a rate of around 7.5% or more, says rbi governor shaktikanta das. The annual rate of inflation based on all india wholesale price index (wpi) number is 1.26 % (provisional) for the month of april, 2024 (over april, 2023).
According to the data released by the ministry of statistics and programme implementation, india’s retail inflation dropped below rbi’s target in july 2024 to 3.54 percent. Food inflation in august was 5.66%, higher than the 5.42% rise reported for july—the lowest since june 2023, when food inflation was 4.55%.