Page 14 - Policy Economic Report_Jan 25

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

? Private Final Consumption Expenditure (PFCE) at Constant Prices, has witnessed a growth rate of
7.3% during FY 2024-25 over the growth rate of 4.0% in the previous financial year.

? Government Final Consumption Expenditure (GFCE) at Constant Prices, has rebounded to a
growth rate of 4.1% as compared to the growth rate of 2.5% in previous Financial Year.

Figure 6: Sector-wise Growth rates (%) of Real GVA in FY 2023-24 and 2024-25

Source- NSO, MoSPI

Inflation in India

? Year-on-year inflation rate based on All India Consumer Price Index (CPI) for the month of
December, 2024 over December, 2023 is 5.22% (Provisional). Corresponding inflation rates for
rural and urban are 5.76% and 4.58%, respectively.

? Year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) for the month of
December, 2024 over December, 2023 is 8.39% (Provisional). Corresponding inflation rate for
rural and urban are 8.65% and 7.90%, respectively.

? It can be observed that CPI(General) reached to its lowest point during this period in July 2024.
However, the CPI(General) and food inflation in December, 2024 is the lowest in last four months.

? Year-on-year Housing inflation rate for the month of December, 2024 is 2.71%. Corresponding
inflation rate for the month of November, 2024 was 2.87%. The housing index is compiled for
urban sector only.

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