Cpi Index April 2024 Map. Corresponding inflation rate for rural and urban is 5.43% and 4.11%, respectively. In 2024, global inflation is projected to decline to 5.8%, down from a 6.8% estimated annual average in 2023.

Housing costs remain the biggest component of inflation, while motor vehicle insurance continues to climb at the fastest annual. Against a challenging growth backdrop, the road to lower inflation also looks bumpy in.