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Recent Trend in Consumer Price Index (CPI) UPSC NOTE

 

  • Overall Inflation: Remained nearly unchanged at 4.83% compared to 4.85% in March.

  • Food Inflation: Surged to a four-month high of 8.7%, significantly higher than overall inflation.

  • Rural consumers experienced a sharper rise at 8.75%.

  • Urban vs. Rural: The gap in inflation rates persisted.

  • Rural households: Inflation rose 5.43%.

  • Urban households: Inflation remained almost flat at 4.11% (compared to 4.14% in March).

  • Monthly Price Change: Prices rose 0.5% from March.

  • Urban areas saw a sharper rise in both overall prices and food items (1.03% increase for food).

  • Rural areas had a more subdued increase (0.59% for food).

  • RBI's Target: The Reserve Bank of India aims for an average inflation of 4.5% for 2024 (down from 5.4% in 2023-24). 

  • They expect an average of 4.9% inflation for the April-June quarter. 

  • This suggests inflation might rise in the coming months.

Reason for Stable Headline Inflation:

  • Despite rising food prices, the overall inflation rate remained stable due to:

  • A steeper drop in fuel and light prices (down 4.2% compared to 3.2% in March).

  • Slightly lower inflation in other categories like clothing, housing, and healthcare.


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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Recent Trend in Consumer Price Index (CPI) UPSC NOTE
Recent Trend in Consumer Price Index (CPI) UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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