What Was The Inflation Rate In 2024. The annual inflation rate based on all india consumer price index (cpi) number is 4.83% (provisional) for the month of april, 2024 (over april, 2023). Among ae central banks, the us federal reserve open markets committee (fomc) decided to lower the target range for the federal funds rate by 25 basis points on november 07, 2024 and indicated that “inflation has made progress toward the committee’s 2 per cent objective but remains somewhat elevated”.
Corresponding inflation rate for rural and urban is 5.43% and 4.11%, respectively. A volatile metric, inflation that can rise and fall rapidly depending upon economic conditions and the measures a government chooses to control or counteract them.
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