In a recently released update on the Consumer Price Index (CPI) in India, data reveals a slight uptick in August 2024 compared to the previous month. The Consumer Price Index for August 2024 climbed to 3.65%, marginally higher than July 2024’s figure of 3.60%. This update was officially reported on September 12, 2024.This year-over-year comparison indicates a continuing trend of modest inflation. While July’s CPI had already marked a notable observation point, August’s slight increase suggests ongoing, albeit minor, inflationary pressures within the Indian economy.Economists and market analysts are closely monitoring these figures, particularly in light of global economic dynamics and domestic fiscal policies. The small incremental rise in CPI reflects nuanced shifts in consumer prices and the broader economic environment.The material has been provided by InstaForex Company – www.instaforex.com
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