Cola Increase 2024 Inflation In India. 5.08% the consumer price index (cpi) measures the change in the prices of goods and services. The idea is to provide an increase in benefits equal to the pace of inflation.
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. According to the data released by the ministry of statistics and programme implementation, india’s retail inflation dropped below rbi’s target in july 2024 to 3.54 percent.
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