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RBI Governor Unleashes New CPI Series to Electrify Economy

RBI Governor Unleashes New CPI Series to Electrify Economy

Hold onto your wallets, folks! RBI Governor Sanjay Malhotra just announced the game-changing CPI inflation series that’s gonna reflect how Indian households spend like a champ! With retail inflation at 2.75% in January and tracking a whopping 358 items—up from 299—this is the financial flex we’ve been waiting for! Get ready to rumble with those numbers!

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.

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