Inflation 2024 Salaire. The central bank now sees inflation for q1, q2, q3 and q4 of this fiscal year at 4.9 per cent, 3.8 per cent, 4.6 per cent and 4.5 per cent, respectively, with risks evenly balanced. Organizations are predicting an average base pay increase of 4.5% in 2024, according to payscale’s 2024 compensation best practices report.
Corresponding inflation rate for rural and urban is 5.43% and 4.11%, respectively. India’s retail inflation eased to 3.54% in july, from 5.08% in june and 4.75% in may 2024, according to the latest ministry of statistics and programme implementation data.