India revises CPI formula to include modern expenses
pre-market1 source ↓written by the desknot a recommendation
India will release its January consumer price index (CPI) inflation data on 12 Feb 2024, incorporating a new base year of 2024 instead of 2012. The updated formula will now track expenses like OTT subscriptions, online shopping, and airfares. This shift may influence interest rates and monetary policy decisions.
Not investment advice. For informational purposes only.