India consumer inflation expected to rise to 2.4 percent in January as new data series begins
Economists expect Indian inflation to reach 2.4 percent in January amid rising food and gold prices. This marks the first release using a new 2024 base year.
Insights:
A Reuters poll of economists indicates that annual consumer inflation in IN likely rose to 2.4% in January. This projection marks the first month under a Consumer Price Index (CPI) - rebased 2024 series, which introduces new constituent weightings for the nation. The anticipated reading signifies a return of price growth to the 2%-6% target band established by the Reserve Bank of India (RBI), representing a shift in how economic pressure is measured and assessed for future policy.
