Inflation Rate 2024 Forecast. Rbi forecasts 6.5% growth in real gdp, revises cpi inflation to 5.4% due to vegetable price shocks india’s central bank today raised the inflation forecast for this. The retail inflation rate registered a slight drop of 0.01 percent in one month, standing at 5.10 percent in january 2024.

Shelter inflation has been stickier and remained elevated at 6.2% in december 2023. It was over 11% in the autumn of 2022, and it is 2% now.