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HIGHLIGHTS of August 2024
- CPI (YoY) based Annual Headline Inflation is at 9.64%, down from 11.1% the previous month and at its lowest level in 3 years, since October 2021, while CPI (MoM) is increased 0.4% in August compared to the previous month (July 2024).
- Annual Food Inflation increased by 2.5% compared to same time last year (August 2023).
- 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 significant year-on-year increase in price was observed for rice variety Irri-6 (average quality rice) and a significant decrease in the prices of wheat and wheat flour.
- Non-cereal food prices fluctuated.
- Significant (MoM) increase was noted in the price of live chicken and eggs along with slight increase for gram, moong, mash, and ghee compared to the previous month, while a slight decrease was noted for masoor and sugar. Significant (YoY) price spikes were observed for pulses Gram, moong, mash, masoor and chicken along with a significant decrease for cooking oil and slight decreases for ghee, sugar, and eggs.
▪ Terms of Trade (ToT) has improved by 5.3% over the past month while overall it improved by 64% compared to a year ago.