India’s Inflation Story: Here are five key things you should know
Live MintIndia's inflation is at its 14-month peak, according to October 2024 data from the Ministry of Statistics and Programme Implementation. According to data released by the Ministry of Statistics and Programme Implementation on November 12, India's consumer price index inflation rose to 6.2 per cent in October 2024, compared to 5.49 per cent in September 2024. Finance Ministry's Inflation Target: Finance Minister Nirmala Sitharaman, while presenting the Union Budget for the financial year 2024-25 in July, announced that the Government of India's target for inflation remains at 4 per cent. The finance minister also highlighted that the nation's inflation “continues to be low, stable and moving towards the 4 per cent target,” according to the Ministry of Finance's official statement citing Sitharaman. Performance of economy: Brokerage Kotak Securities, in a Market Outlook 2025 report, highlighted that India's CPI inflation exceeded its expectations of 5.6 per cent in October.