Revised 2024 base year, fresh consumption weights and expanded market basket recast state inflation rankings; Telangana tops January list under new series
Former chief statistician says the revised cpi was overdue, supports excluding free pds items and sees little immediate impact on rbi policy decisions
Officials stressed that the December number under the old series and the January print are not comparable
Although inflation remains well below the Reserve Bank of India's 4 per cent target, the new figures could prompt the central bank to hold off on any further rate cuts and push up bond yields further
CPI tracks retail price changes across India; January 2026 inflation data shifts to a new 2024 base year reflecting updated spending patterns
India's retail inflation gauge has evolved from fragmented worker-specific indices to a unified CPI framework that now anchors monetary policy and welfare decisions
Kerala's retail inflation hit 9.49% in December, topping all states for the seventh straight month, driven by soaring coconut oil, gold prices and rural cost pressures
The Reserve Bank of India currently aims to keep inflation anchored around 4%, the mid-point of a 2%-6% range mandated by the government
The government proposes to include online sources as well as e-commerce platforms to compute retail inflation in a bid to substantially improve reliability, accuracy, and overall quality of the consumer price index (CPI). Ministry of Statistics and Programme Implementation (MoSPI) is in the process of revising the base years for computing CPI, Index of Industrial Production (IIP) and Gross Domestic Product (GDP). The new series of CPI (consumer price index-based inflation) with base year (2024=100) data is scheduled to be released on February 12, 2026. The data on National Accounts with financial year 2022-23 as base year is scheduled to be released on February 27, 2026, while the new series of IIP data with base year 2022-23 will be released on May 28. MoSPI on Tuesday organised a pre-release consultative workshop on base revision of CPI, GDP and IIP. On inclusion of new data sources in CPI, the ministry said in addition to the data collected from physical outlets as being done i
Economists' projections ranged from 0.5 per cent on the lower end to 1 per cent, with the median projection at 0.7 per cent
October CPI-based inflation: India's food inflation dropped sharply in October, falling to -5.02 per cent from -2.28 per cent in September
Leader of the Opposition in the Kerala assembly, V D Satheesan claimed on Thursday that the government's move to form a cabinet sub-committee to examine the PM SHRI scheme after signing its MoU was an attempt to "deceive" the ruling LDF constituent CPI. He argued that the committee should have been formed beforehand. Satheesan was referring to the CPI(M)-led Left government's decision a day ago to put on hold the implementation of the Pradhan Mantri Schools for Rising India (PM SHRI) scheme after facing stiff resistance from its ally, the Communist Party of India (CPI). The government has also decided to constitute a seven-member cabinet sub-committee to study the implementation of the scheme, Chief Minister Pinarayi Vijayan had said on Wednesday. Satheesan claimed that the CPI(M) was "deceiving" its coalition partner, the CPI, by such decisions. "Forming a cabinet sub-committee to study the scheme and its implementation should have been done before signing the Memorandum of ...
CPI(ML) Liberation general secretary Dipankar Bhattacharya has charged the Nitish Kumar government in Bihar with serving its people a cocktail of crime, corruption and communalism, the three Cs on which the Chief Minister had promised not to compromise. In an interview with PTI here, the Left leader described as scary the situation in the state, where the longest serving Chief Minister claims to have ended jungle raj that allegedly prevailed under the rule of RJD, an ally of the CPI(ML)-L. Nitish ji used to say that he would never compromise on the three Cs crime, corruption, and communalism after joining hands with the BJP. But his rule displays not just a compromise, but a cocktail of the three Cs, alleged Bhattacharya. "It is a scary situation in the state, which seems to be run by a nexus between criminal gangs, politicians, and the police. They form a coalition that rules Bihar, and not the NDA. "Shootouts, reminding one of Bollywood crime thriller Gangs of Wasseypur, have ..
Prime Minister Narendra Modi is scheduled to visit Manipur tomorrow, September 13, the state's chief secretary confirmed today.
The consumer price index rose 0.2 per cent last month after gaining 0.3 per cent in June, the Labor Department's Bureau of Labor Statistics said on Tuesday
July CPI-based inflation: Food prices fell sharply as CFPI slid to -1.76%, the steepest drop since January 2019
Stalin said that statements like these were not "inadvertent errors" but exposed the dark mindset of a regime that undermines diversity
With data showing a steep decline in price rise in June, Reserve Bank Governor Sanjay Malhotra on Friday said that the outlook on inflation and growth will determine future rate cuts, making it clear that the current data will not influence the trajectory. Speaking at the FE Modern BFSI Summit here, Malhotra also stated that the RBI's rate cuts will not lead to asset bubbles and added that the central bank has more ammunition in its arsenal beyond rate cuts to help the economy. It can be noted that the RBI has cut its key rates by 1 percentage point this year, and official data pointing to headline inflation cooling to 2.1 per cent against the 4 per cent target has led to expectations of further easing. "Rate cuts will depend on the outlook for both growth and inflation rather than the current numbers," Malhotra said. "We have to remember that monetary policy works with a lag and hence outlook on the outcomes on key data like inflation for up to 12 months is kept in mind while taki
Economists reckon that the decline in inflation is expected on account of easing prices across various goods categories, especially food items and a favourable base effect
Protests erupted across Bihar on Wednesday against the special intensive revision (SIR) of electoral rolls, as part of which top leaders of the opposition Mahagathbandhan, including Rahul Gandhi, converged in the state capital. The INDIA bloc, of which the Mahgathbandhan is a part, is supporting the nationwide 'chakka jam' called in protest against the four labour codes, but in Bihar the opposition coalition has chosen to also highlight its reservations against the SIR, which allegedly threatens to "disenfranchise a substantial number of voters", barely a few months ahead of the assembly polls, to "benefit" the ruling NDA. Gandhi was joined by RJD's Tejashwi Yadav besides D Raja, MA Baby and Dipankar Bhattacharya, general secretaries of CPI, CPI(M) and CPI(ML) respectively, in a giant procession that commenced at the Income Tax crossing, around a hundred metres from vital installations such as the Patna High Court, besides offices of many political parties. The leaders stood atop an