Decline in Vegetable Prices Expected to Ease India’s Inflation India’s inflation rate is anticipated to decrease to 5.4% in November 2024, down from 6.21% in October, primarily due to a significant drop in vegetable prices. This decline is expected to provide relief to consumers and
India’s retail inflation jumped to 5.49% in September, crossing the central bank’s target range, largely due to a base effect and a sharp rise in vegetable prices. According to data from the Ministry of Statistics and Programme Implementation, the Consumer Price Index (CPI)-based inflation saw a notable increase from 3.65% in August, exceeding the 5.1% […]