GK and monthly revision

India’s retail inflation at 2.75% in January as housing, services gain weight in CPI basket

India's retail inflation rose to 2.75% in January 2026, the first figure from an updated Consumer Price Index (CPI) series. This development is promising as it remains beneath the Reserve Bank of India's inflation target. The revamped CPI better captures today's spending habits, with decreased emphasis on food items and increased focus on digital services. This change in the CPI basket composition reflects the evolving consumption patterns of Indian households.