Finance
DoggfatherRBI's New CPI Series: Better Vibes for Inflation, G
Yo, RBI chief Sanjay Malhotra just laid down the scoop on the fresh CPI inflation series droppin’ in 2024, g. This new setup’s gonna reflect how Indian households roll with their cash, makin’ things smoother and less shaky. Retail inflation hit 2.75% in January, so stay woke, fo’ shizzle.
few days ago | Press Trust of India
Quick rundown
1.RBI unveils new CPI series for better inflation tracking.
2.New CPI series uses 2024 as the base year with 358 items.
3.January's inflation was above RBI's tolerance band.
4.RBI's flexible inflation targeting is under review.
5.RBI maintains no conscious reduction in US securities.
