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India macro › CPI inflation › February 2024

CPI inflation, February 2024: 5.09%

India's consumer price inflation eased to 5.09% in February 2024 from 5.10% in January, the lowest since October 2023. Food inflation was 7.76%, against 7.58% the month before. That is inside the RBI's 2–6% tolerance band, above its 4% target. The repo rate was 6.50% at the end of the month, 1.41 points above inflation.

February 2024January 2024February 2023
CPI inflation5.09%5.10%6.44%
Food inflation7.76%7.58%6.26%
CPI inflation, food inflation and the repo rateMar 2021 – Oct 2026
−5%0%5%10%15%20222023202420252026New CPI base (2024)5.09%
Year-on-year inflation for All India, rural and urban combined. The CPI moved to a 2024 base in January 2026, so the figures either side of the dashed line come from different series.

Source: Ministry of Statistics and Programme Implementation (MoSPI). MoSPI revises earlier periods as fuller data arrives; this page shows the latest published figure. The latest figures for every indicator are on the India macro dashboard.