On July 12th, 2024, the National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation released the much-anticipated Consumer Price Index (CPI) report for June 2024. This report offers an in-depth look at the inflation rates across rural, urban, and combined sectors in India, providing valuable insights into the country's economic health.
Category Rural CPI Urban CPI Combined CPI Rural Inflation Rate Urban Inflation Rate Combined Inflation Rate CPI (General) 192.2 187.8 190.2 5.66% 4.39% 5.08% CFPI (Consumer Food Price Index) 195.6 204.2 198.7 9.15% 9.55% 9.36% Cereals and Products 190.1 190.0 190.1 9.00% 8.14% 8.75% Meat and Fish 231.5 240.4 234.6 5.04% 6.09% 5.39% Eggs 188.4 192.9 190.1 4.03% 4.05% 3.99% Vegetables 216.0 269.7 234.2 30.20% 27.94% 29.32% Pulses and Products 208.8 215.1 210.9 15.42% 17.41% 16.07% Housing - 179.1 179.1 - 2.69% 2.69% Fuel and Light 180.4 169.3 176.2 -0.77% -8.34% -3.66% Health 196.0 190.8 194.0 3.98% 4.38% 4.13%
This table summarizes key Consumer Price Index (CPI) data for June 2024, comparing rural, urban, and combined figures along with their respective inflation rates.
National Inflation Rate: The year-on-year inflation rate for June 2024 stood at 5.08% (provisional), showing a slight increase from the previous month's rate of 4.80%. The rural inflation rate was recorded at 5.66%, while the urban rate was 4.39%.
Sub-group Analysis: Notably, the inflation rates for sub-groups such as 'Eggs', 'Spices', 'Meat & Fish', and 'Pulses & Products' showed a decrease compared to May 2024, reflecting changes in consumer demand and supply conditions.
General Indices and CFPIs: The report also highlights the monthly changes in the General Indices and Consumer Food Price Indices (CFPI) from May 2024 to June 2024. A significant increase was observed in the prices of vegetables, with a 29.32% year-on-year inflation rate, indicating potential challenges in the agricultural sector.
| State/UT | Rural CPI | Urban CPI | Combined CPI | Rural Inflation Rate | Urban Inflation Rate | Combined Inflation Rate |
|---|---|---|---|---|---|---|
| Andhra Pradesh | 198.9 | 197.8 | 198.5 | 6.31% | 5.16% | 5.87% |
| Assam | 192.7 | 188.1 | 191.8 | 5.88% | 4.85% | 5.67% |
| Bihar | 185.8 | 193.0 | 186.9 | 6.48% | 5.46% | 6.37% |
| Chhattisgarh | 182.0 | 179.1 | 180.9 | 5.69% | 4.80% | 5.36% |
| Delhi | 170.5 | 168.7 | 168.8 | 2.10% | 2.18% | 2.18% |
| Gujarat | 188.4 | 178.7 | 182.9 | 5.49% | 4.93% | 5.18% |
| Haryana | 192.1 | 181.6 | 187.2 | 6.19% | 4.43% | 5.41% |
| Karnataka | 195.8 | 197.3 | 196.6 | 7.41% | 4.78% | 5.98% |
| Kerala | 201.1 | 196.9 | 199.6 | 6.23% | 5.18% | 5.83% |
| Maharashtra | 191.7 | 184.4 | 186.8 | 4.13% | 4.59% | 4.42% |
| Rajasthan | 187.4 | 186.6 | 187.1 | 5.94% | 5.72% | 5.83% |
| Tamil Nadu | 199.4 | 197.6 | 198.3 | 5.11% | 4.55% | 4.75% |
| Telangana | 208.1 | 199.9 | 203.6 | 5.10% | 5.82% | 5.49% |
| Uttar Pradesh | 190.0 | 187.7 | 189.2 | 6.03% | 4.22% | 5.40% |
| West Bengal | 195.9 | 191.3 | 193.7 | 4.59% | 3.41% | 4.03% |
| Jammu & Kashmir | 198.2 | 193.3 | 196.5 | 5.43% | 2.60% | 4.47% |
This table provides a state-wise breakdown of the Consumer Price Index (CPI) and corresponding inflation rates for June 2024 across rural, urban, and combined sectors.
The CPI report provides a comprehensive breakdown of inflation rates and indices for various states and sub-groups across India. For instance:
Rural CPI: The rural CPI for June 2024 is recorded at 192.2, showing a 1.48% increase from May 2024.
Urban CPI: The urban CPI is slightly lower at 187.8, with a 1.13% increase from the previous month.
Combined CPI: The combined CPI across rural and urban areas stood at 190.2, reflecting a balanced inflationary trend nationwide.
The report also offers state-wise data, highlighting the inflation rates for major states such as Uttar Pradesh, Maharashtra, Tamil Nadu, and Kerala. This data is crucial for policymakers, economists, and businesses to understand the regional economic dynamics and to make informed decisions.
The June 2024 CPI report underscores the ongoing fluctuations in India's inflation landscape. With a provisional national inflation rate of 5.08%, the report provides essential insights for understanding the broader economic environment. For a more detailed analysis and state-wise breakdown, the full report is available on the official NSO website.
The next CPI report for July 2024 is scheduled to be released on August 12th, 2024, offering further updates on the inflation trends and economic conditions in India.
Q1: What is the Consumer Price Index (CPI) for June 2024?
A1: The Consumer Price Index (CPI) for June 2024 stands at 190.2 for the combined sector, with the rural CPI at 192.2 and the urban CPI at 187.8. This index reflects the changes in the prices of goods and services commonly purchased by households.
Q2: What is the inflation rate in India for June 2024?
A2: The year-on-year inflation rate in India for June 2024 is 5.08% (provisional). The inflation rate is higher in rural areas at 5.66%, while the urban inflation rate is 4.39%.
Q3: How has the inflation rate for food items changed in June 2024?
A3: The inflation rate for food items, as measured by the Consumer Food Price Index (CFPI), increased to 9.36% in June 2024 from 8.69% in May 2024. This increase is largely driven by a significant rise in vegetable prices.
Q4: Which food items showed the highest inflation in June 2024?
A4: In June 2024, vegetables experienced the highest inflation, with a year-on-year increase of 29.32%. Pulses and products also saw a significant rise, with inflation at 16.07%.
Q5: How does the June 2024 CPI compare to the previous year?
A5: The June 2024 CPI of 190.2 for the combined sector represents an increase from 181.0 in June 2023. This reflects a general rise in the cost of living over the past year.
Q6: What are the main factors driving the inflation rate in June 2024?
A6: The main factors driving the inflation rate in June 2024 include a sharp increase in vegetable prices, rising costs of pulses, and general food price inflation. These factors contribute to the overall rise in the CPI.
Q7: How is the Consumer Price Index (CPI) calculated?
A7: The Consumer Price Index (CPI) is calculated by tracking the price changes of a selected basket of goods and services over time. The index is based on the base year 2012=100 and reflects the average change in prices paid by consumers for these goods and services.
Q8: When will the next CPI report be released?
A8: The next Consumer Price Index (CPI) report, covering data for July 2024, will be released on August 12th, 2024. This report will provide updated insights into inflation trends across India.
Q9: Why is the CPI important for understanding the economy?
A9: The CPI is crucial for understanding the economy because it reflects the cost of living and purchasing power of consumers. It helps in tracking inflation, which can impact interest rates, wages, and overall economic policy.
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