The annual retail inflation was higher than the estimate of 5.81 per cent in a Reuters poll of 45 economists. In September, inflation stood at 5.49 per cent which was a nine-month high
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The sharp increase follows a five-year low of 3.65 per cent in August, marking the first time since July that inflation has surpassed the Reserve Bank of India's (RBI) 4 per cent target
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Retail inflation fell below the Reserve Bank of India's (RBI) target of 4 per cent largely due to the high-base effect, suggesting the slower pace of price rises was temporary
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The year-on-year inflation rate based on all India Consumer Price Index (CPI) numbers is 5.08 per cent (provisional) for the month of June 2024
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The breakdown of inflation rates for rural and urban areas reveals that while rural inflation was recorded at 5.43 per cent, urban inflation stood at 4.11 per cent for April 2024
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