Inflation In 2024 In India Upsc. The central government has notified 4 per cent consumer price index (cpi) inflation as the target for the period from august 5, 2016, to march 31, 2021, with the upper tolerance limit of 6. The reserve bank of india (rbi) act enjoins the rbi to set out deviations of actual inflation outcomes from projections, if any, and explain the underlying reasons thereof.

India’s services exports have remained healthy; Food inflation in india is primarily calculated using the consumer price index (cpi) for food and beverages, a key measure tracking price changes of a typical consumer basket.