Rural inflation higher in FY23. Here’s the data

Rural inflation was higher than urban inflation in FY23, first time in six years. While the average inflation in FY23 was 6.7%, prices in rural areas increased 6.8% from a year earlier.

The urban retail inflation averaged 6.4% in FY23. Food and clothing inflation was higher in rural areas, whereas urban centres saw sharper services inflation.

In nine states, where 60% of the country’s population resides, the combined inflation (rural and urban) was higher than the national average.

ET looks at the data: