Retail inflation climbs to 2.75% in January 2026 under new CPI series
The Hindu
India's January retail inflation rises to 2.75% as new CPI series adjusts food component weightings significantly.
India’s key inflation rate accelerated to 2.75% in January on higher food and precious metal prices, the maiden print under a revised data series showed on Thursday (February 12, 2026), returning to the Reserve Bank of India’s target band for the first time since August.
The new series changes the weighting of key components such as food and housing, while moving the base year to 2024 from 2012 to better capture changes in consumption patterns over the years.
Annual retail inflation was at 1.33% in December under the old base year of 2012, government data showed. A Reuters poll had projected retail inflation at 2.4%.
Food price inflation was at 2.13% year-on-year in January.
The government has not shared comparable data for key components under the new series.
Among the most notable changes under the new series, the government has sharply cut the weight of food, one of the most volatile components of the retail price index, to roughly 37% from around 46%.
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