Headline: India’s Inflation Rate Remains Elevated
Body:
As of June 2024, India’s year-on-year inflation rate, measured by the All India Consumer Price Index (CPI), stood at 5.08% (Provisional). However, this figure masks a disparity between rural and urban areas, according to the Ministry of Statistics and Programme Implementation.
Rural regions experienced a higher inflation rate of 5.66%, indicating a greater rise in consumer prices in these areas. In contrast, urban areas witnessed a slightly lower inflation rate of 4.39%.
The ministry has indicated that this story is still developing, suggesting that further data or analysis may be forthcoming.
