Inflation In 2024 In India Upsc. Food inflation in india is primarily calculated using the consumer price index (cpi) for food and beverages, a key measure tracking price changes of a typical consumer. The surge in food and beverage prices has emerged as a key factor driving india's inflation in the fiscal year 2024, according to the reserve bank of india's (rbi) annual.

Assuming a normal monsoon and no further external or policy shocks, the rbi expects headline inflation to be 4.5 per cent in fy25 and 4.1 per cent in fy26. India’s retail inflation jumped marginally to 3.65% in august, from 3.54% in july, 5.08% in june, and 4.75% in may 2024, according to the latest ministry of statistics and programme.