The release of the new inflation series by the National Statistics Office on Thursday is part of an exercise to update the country’s macroeconomic indicators. Under the new inflation series, with 2024 the base year, the basket of items as well as the weights assigned to them are based on the Household Consumption Expenditure Survey 2023-24. There have been significant changes in the household consumption basket in the intervening period. The new series also reflects the increasing importance of housing and services in the household consumption basket. As per the new series, inflation was at 2.75 per cent in January, well below the central bank’s inflation target of 4 per cent.

Source: Indian Express February 13, 2026 06:57 UTC