What Is The Cpi Rate For 2024. The monetary policy committee (mpc) met on 5th, 6th and 7th june 2024. The consumer prices index, or cpi, rate remained at 2.2% in the year to august 2024, according to the office for national statistics (ons), the same annual rate.
After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, it decided by a 4 to 2 majority to keep the policy repo rate unchanged at 6.50 per cent. The annual consumer inflation rate in india fell sharply to 3.54% in july of 2024 from 5.08% in the earlier month, well below market expectations of 3.65%, to mark the softest rise in consumer prices since august 2019.