INFLATION IN INDIA
India's inflation in month of October is seems to a 14 month high of 6.2%. This jump Is noticeable from the 5.5% inflation rate recorded in September 2024, with food inflation taking of the leads due to the continuous change in prices of vegetables, fruits and oils and many more things. The consumer price index in simple terms means it measures inflation based on a basket of goods and services.
Read more: Inflation of food in India
FOODS BEHIND INFLATION
There are many food items that leads to the rice in inflation during October with certain categories seeing particularly sharp price. Suddenly there was massive rise in vegetable prices particularly tomatoes ,onion and potatoes post food inflation up. Fruits also saw a jump.
Read more: Food responsible for inflation
RURAL VS URBAN INFLATION
There is a good difference between inflation rates in rural and urban areas. While rural inflation stored at 6.68% urban inflation was slightly lower at 5.62%. The Rise and inflation for October 2024 is concerning it is essential to monitor how food prices evolve in the coming months.
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