Current Affairs - Economy - Discussion

In June 2024, India's Consumer Price Index (CPI) reported a provisional year-on-year inflation rate of 5.08%. This index reflects the overall price changes experienced by consumers for a basket of goods and services, with rural inflation recorded at 5.66% and urban inflation at 4.39%. The CPI serves as a crucial economic indicator, providing insights into inflationary trends across different regions and impacting policy decisions related to monetary and fiscal measures aimed at maintaining price stability.