Retail Inflation Hits 2.75% in January Under New CPI Series

• Retail inflation recorded at 2.75% in January using the new All India Consumer Price Index (CPI) series, with 2024 as the base year.
• The National Statistics Office (NSO) released the updated series, expanding goods from 259 to 308 and services from 40 to 50 for a more accurate price situation.
• Food inflation for January stood at 2.13%.
• Key enhancements in the new series include rural house rent, online media services, and fuels like CNG/PNG.
• Digital and administrative data sources, including telephone, rail, air fares, fuel, postal charges, and OTT subscriptions, are now factored in.