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CPI January 2026 β Complete Analysis
π CPI January 2026 Analysis (Base 2024=100)
π Government of India | Ministry of Statistics & Programme Implementation
π Key Highlights
β All India CPI Inflation (Jan 2026): 2.75%
β Rural Inflation: 2.73%
β Urban Inflation: 2.77%
β Food Inflation (CFPI): 2.13%
β Housing Inflation: 2.05%
β Base Year Updated to 2024=100
β Item Basket Increased from 299 β 358
π CPI & CFPI Index Movement (2025βJan 2026)
Month
CPI
CFPI
Jan-25 101.67 101.87
Jun-25 102.51 101.74
Sep-25 103.74 104.12
Dec-25 104.10 104.09
Jan-26 104.46 104.04
π Division-wise Inflation (Combined %)
π₯ Top 5 High Inflation Items
π Silver Jewellery β 159.67%
π
Tomato β 64.80%
π₯₯ Coconut (Copra) β 47.18%
π Gold/Diamond Jewellery β 46.77%
π’ Coconut Oil β 40.44%
π Top 5 Low Inflation Items
π§ Garlic β -53.05%
π§
Onion β -29.27%
π₯ Potato β -28.98%
πΎ Arhar/Tur β -24.90%
π± Peas β -15.56%
π Major Structural Changes in CPI 2024
π Adoption of COICOP 2018 (12 Divisions)
π Rural Housing Included
π» Online Markets Added (12 Cities)
π± OTT, Airfare, Rail Fare collected digitally
π CAPI (Tablet-based Data Collection)
π Linking Factor (Combined): 0.5267
π Top 5 States with Highest Inflation
Telangana β 4.92%
Kerala β 3.67%
Tamil Nadu β 3.36%
Rajasthan β 3.17%
Karnataka β 2.99%
π Technical Overview
β Weight Reference: HCES 2023-24
β Price Reference Period: JanβDec 2024
β Goods Items: 308
β Services Items: 50
β Total Markets Covered: 1,465 Rural + 1,395 Urban + 12 Online
β Housing Weight (Rural): 11.764%
π Conclusion
The CPI 2024 series marks a significant modernization of India's inflation measurement framework.
With updated weights, expanded item coverage, digital price collection, and international classification standards,
the new series provides a more realistic and transparent inflation estimate.
January 2026 inflation remains moderate at 2.75%, with food inflation easing but personal care and precious metals showing sharp price rise.