What Was The Inflation Rate In 2024 In India. I do not believe that such a high real rate is required at this stage to drive inflation down to the target of 4%. The annual consumer inflation rate in india eased to 4.67% in may of 2024 from 4.83% in the previous month, below expectations that the rate would rise to 4.9%, to mark the slowest increase in consumer prices in one year.

Corresponding inflation rate for rural and urban is 4.10% and 2.98%, respectively. Corresponding inflation rate for rural and urban is 9.08% and 9.56%, respectively.