Finance
EnglishRBI's New CPI Series: A Fresh Look at Household Spending!
RBI Governor Sanjay Malhotra announced that a new CPI series based on 2024 prices will better show how Indian households shop. This change, revealed after a meeting with Finance Minister Nirmala Sitharaman, aims to make inflation tracking easier. January saw retail inflation at 2.75%, slightly higher but manageable, marking a shift in the inflation landscape.
few days ago | Press Trust of India
Quick rundown
1.RBI unveils new CPI series for better inflation tracking.
2.New CPI series uses 2024 as the base year with 358 items.
3.January's inflation was above RBI's tolerance band.
4.RBI's flexible inflation targeting is under review.
5.RBI maintains no conscious reduction in US securities.
