APRIL SAW 4-MONTH HIGH FOOD INFLATION IN INDIA, IMPACTING CONSUMERS
Why in the news?
April 2024: Indian food inflation hits four-month high at 8.7%. Rural areas affected most. Overall inflation is stable at 4.83%.
About Consumer Food Price Inflation (CFPI):
- Consumer Food Price Inflation (CFPI) focuses solely on food price changes in a consumer’s basket.
- It measures the rate of increase in food prices over time for the average household.
- CFPI is part of the broader Consumer Price Index (CPI), with the RBI using CPI-Combined (CPI-C).
- It tracks price changes of common food items like cereals, vegetables, fruits, dairy, meat, and staples.
source:scribd
Understanding Consumer Price Index:
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