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New CPI Series Sets Inflation at 2.75% Why in the News? The Ministry of Statistics and Programme Implementation (MoSPI) released the revised Consumer Price Index (CPI) with 2024 as the new base year, placing retail inflation at 2.75% for January 2026, reflecting updated consumption trends from HCES 2023–24. This revision has implications for the foreign …
Read MoreCPI Base Year Revision Syllabus GS 3: Inflation Why in the News? Recently, India updated the Consumer Price Index base year from 2012 to 2024 using new consumption survey data to better reflect changing spending patterns and improve inflation measurement accuracy. Introduction Inflation affects every household through daily expenses such as food, rent, and fuel. …
Read MoreGOLDILOCKS OR DISTRESS-LOCKED? DEFLATION AND RURAL INDIA Syllabus: GS-3: ● Indian economy ● Growth and development Why in the News? Despite strong GDP growth and historically low inflation, recent macroeconomic data reveal sustained deflation, especially in rural and primary sectors. Falling prices in agriculture, stagnating wages, declining farm incomes, and rising loan defaults raise concerns …
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