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India macro › CPI inflation › September 2024

CPI inflation, September 2024: 5.49%

India's consumer price inflation rose to 5.49% in September 2024 from 3.65% in August, the highest since December 2023. Food inflation was 8.36%, against 5.30% 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, 1.01 points above inflation.

September 2024August 2024September 2023
CPI inflation5.49%3.65%5.02%
Food inflation8.36%5.30%6.30%
CPI inflation, food inflation and the repo rateOct 2021 – Oct 2026
−5%0%5%10%15%20222023202420252026New CPI base (2024)5.49%
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.