Last year, the IMF had assigned a ‘C’ grade to India’s national accounts quality, citing methodological gaps including reliance on an outdated base year (2012). We’ve increased the markets, items and we’ve added e-commerce online markets,” said Garg, secretary at the Mospi, in an interview with Bloomberg TV. The statistics ministry on Thursday released the first set of inflation data under the revised CPI series with 2024 as the base year, and retail inflation for January 2026 was estimated at 2.75 per cent over January 2025. Food inflation, which contributed to significant volatility in the CPI 2012 series, has been assigned a lower weightage in the new series. The CPI 2024 series also adopts the UN’s Classification of Individual Consumption According to Purpose (COICOP) 2018, which is expected to bolster global comparability.

Source: The Telegraph February 15, 2026 19:10 UTC