Cpi Index May 2024 India Rank. Cpi is widely used as a macroeconomic indicator of inflation, as a tool by governments and central banks for inflation targeting and for monitoring price stability, and as deflators in the national accounts. It is lower than the retail inflation recorded in april 2024 at 4.83, while higher than what was recorded a year ago in may 2023 at 4.31 per cent.
The rural and urban inflation rates are 5.28% and 4.15%, respectively. India consumer price index growth data is updated monthly, available from jan 1958 to jul 2024, with an averaged number of 6.7 % yoy.