Revised CPI may prompt RBI to hold interest rates
after close1 source ↓written by the desknot a recommendation
- could rise
- 2.77%
- in December
- 1.33%
- food weight
- 36.8%
- year updated
- 2024
- 2012
India will release a new consumer price index (CPI) on Thursday, reflecting updated spending patterns. Analysts predict January inflation could rise to 2.77%, up from 1.33% in December, due to changes in item weightings and categories. This data may influence the RBI's decision on interest rates, keeping them on hold amid persistent price pressures.
• New CPI includes reduced food weight of 36.8%
• Base year updated to 2024 from 2012
• New categories like rural housing rentals added
Not investment advice. For informational purposes only.