Yesterday, the Indian Government released the Consumer Price Index (CPI) figures for May 2024. This release comes just days after the inauguration of the new government. A paramount challenge facing the new administration is curbing inflation. In this article, we will delve into the nuances of India’s inflation narrative using a comprehensive array of charts and visuals. Rather than simply comparing the actual inflation rates of various item categories, we will examine the weighted values of these items across both main and sub-categories. This approach will provide a clearer insight into how inflation affects the everyday lives of citizens and identify critical areas requiring immediate governmental intervention to mitigate inflationary pressures.
Urban Inflation Analysis – Sub Category Level (Qtrly Time Scale)
We begin our exploration by examining inflation metrics for urban areas, as illustrated in the accompanying chart which breaks down the data on a quarterly basis by sub-category items.
