Inflation Rate In India 2024 Rbi. The surge in food and beverage prices has emerged as a key factor driving india's inflation in the fiscal year 2024, according to the reserve bank of india's (rbi) annual report. In terms of regional distribution, inflation softened across both rural and urban areas in january 2024, with rural inflation at 5.3 per cent and urban inflation at 4.9 per cent.

The reserve bank of india has maintained its inflation forecast at 4.5% for this fiscal year, despite concerns over rising food and oil prices. India’s central bank today raised the inflation forecast for this fiscal year, as prices of food items ranging from humble staples to vegetables and even gourmet offerings spiked,.