January inflation stood at 2.75% under the new CPI (base year 2024), with food inflation at 2.13%
Updated weights reflect current consumption patterns, drawing on the 2023-24 Household Consumption Expenditure Survey
More services included, online prices captured, and total weighted items increased from 299 to 358 nationally
Food and beverages weight drops to 36.75% (from 42.62%), making the index potentially less volatile
While projections may adjust, the RBI is unlikely to change its stance immediately; the repo rate may be near terminal
With CPI and GDP base years updated, releasing key macro data during market hours would enhance transparency and efficiency