Current Inflation Rate In India 2024 Elections. The inflation rate year over year is 6.2% (compared to 5.5% for the previous month). The reserve bank of india has maintained its inflation forecast at 4.5% for this fiscal year, despite concerns over rising food and oil prices.
The country’s inflation rate reading comes after india had missed growth expectations for its fiscal second quarter The modi government has snipped its food subsidy bill while also lowering its fiscal deficit target.