Inde Taux d'inflation

The annual inflation rate in India eased to 5.48% in November of 2024 from 6.21% in the previous month, loosely in line with market expectations of 5.5%, and remaining near the limit for the central bank’s limit of 2 percentage points away from 4%. Despite easing back to the target range, the result showed that inflation remained firmly above the averages from earlier in the year, raising risks for the RBI to commence its rate-cutting cycle in the first quarter of 2025. Inflation remained elevated but eased for food (9.04% vs 10.87% in October), which accounts for half of the Indian consumer price basket. Price growth remained steady for housing (2.87% vs 2.81%) and slowed more for fuel and light (-1.83% vs -1.39%). From the previous month, consumer prices edged down by 0.15%.