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HIGHLIGHTS of September 2024
- CPI (YoY) based Annual Headline Inflation is at 6.93%, down from 9.64% the previous month and at its lowest since January 2021, while CPI (MoM) is decreased 0.52% in September compared to the previous month (August 2024).
- Annual Food Inflation decreased by 0.59% compared to same time last year (September 2023).
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Staple cereals prices compared to the previous month.
- Wheat and wheat flour prices decreased slightly, while rice prices increased slightly.
- Compared to the previous year, a slight year-on-year increase in price was noted for rice variety Irri6 (average quality rice), a slight decrease for rice Basmati and a significant decrease for wheat and wheat flour.
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Non-cereal food prices fluctuated.
- Considerable (MoM) increase occurred in the price of pulse Gram (+9.2%) along with slight increases for eggs (+7.3%) and ghee (+1.0%). While slight decreases were noted for pulses ((masoor (-5.0%), mash (-2.0%), moong (-1.9%)), sugar (-4.0%), chicken (-2.8%) and cooking oil (-1.3%). Significant (YoY) price spikes were noted for pulses ((Gram (+53%), moong (+19%), mash (+8%)) along with chicken (+14%) and a slight increase for eggs (+2%). Prices were lower for sugar (-16%) and cooking oil (-12%) along with slight decreases for ghee (-6%) and pulse masoor (-5%).
- Terms of Trade (ToT) has improved by 7.0% over the past month while overall it improved by 72% compared to a year ago.