Tag: The new CPI series was released yesterday with January-26 CPI at 2.75% compared

New series confirms CPI below 3% The new CPI series was released yesterday with January-26 CPI at 2.75% compared to 1.2% in December-25 (estimated using the linking factor of 0.5267). On a sequential basis, headline CPI increased by 0.3%. Broadly, the data does not present any major negative surprise and confirms the moderating inflation trend witnessed over the last 12 months. We anticipate that inflation could start edging up over the coming months both on account on of a lower base effect and some increase in momentum both on food and core inflation. • The new series suggests that inflation has averaged at 1.8% so far in FY26 (broadly unchanged from what the old series average was). The new CPI series doesn’t change our view of no further rate cuts from the RBI in FY27 and expec...