2024 Inflation Rate Forecast In India.  — india’s retail inflation eased to 3.54% in july, from 5.08% in june and 4.75% in may 2024, according to the latest ministry of statistics and programme.  — retail inflation based on the consumer price index (cpi) slipped to 3.5 per cent in july and is expected to drop further in august.

The reserve bank of india maintained its benchmark policy repo at 6.5% for the ninth consecutive meeting in august 2024 to ensure inflation is down towards its 4%. Inflation, consumer prices (annual %) in india was reported at 5.6491 % in.