RBI's New CPI Series: A Fresh Look at Household Spending!

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RBI'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.