MoSPI

Timeline

1. 12 Mar2026
   Economy

   CPI inflation for February 2026 at 3.21 percent¹²³

   Under the new 2024-base series, retail inflation for February 2026 was 3.21 percent with food inflation at 3.47 percent, inside the RBI's tolerance band.

   • CPI inflation for February 2026 was 3.21 percent (provisional), released 12 March 2026, up from January's 2.75 percent
   • Second reading in the new CPI series with base year 2024
   • Food inflation (CFPI) 3.47 percent; food and beverages division 3.35 percent
   • Rural 3.37 percent, urban 3.02 percent; gold and silver prices a key upward driver
2. 27 Feb2026
   Economy

   MoSPI releases new GDP series with 2022-23 base year⁴⁵⁶

   On 27 February MoSPI released a revised GDP series moving the base year from 2011-12 to 2022-23. Under the new series FY26 growth in the second advance estimate is 7.6 percent and Q3 FY26 growth is 7.8 percent.

   • Released 27 February 2026
   • Base year changed from 2011-12 to 2022-23
   • FY26 growth 7.6 percent (second advance estimate)
   • Q3 FY26 growth 7.8 percent
3. 12 Feb2026
   Economy

   New CPI series with 2024 base year launched; January inflation about 2.75 percent⁷⁸⁹¹⁰

   MoSPI launched a new Consumer Price Index series with 2024 as base year on 12 February, replacing the 2012 base. January 2026 inflation under the new series was about 2.75 percent.

   • New series released 12 February 2026
   • Base year 2024 replaces 2012
   • January 2026 CPI inflation about 2.75 percent
4. 12 Jan2026
   Economy

   CPI inflation for December 2025 at 1.33 percent, last on 2012 base¹¹¹²¹³

   Retail inflation rose to 1.33 percent in December 2025 from 0.7 percent in November, as food deflation eased. It was the last reading on the 2012 base before a new series.

   • December 2025 CPI inflation: 1.33 percent (provisional), up from 0.71 percent in November
   • Rural 0.76 percent, urban 2.03 percent
   • Food inflation about -2.71 percent, negative for the seventh straight month
   • Last release on the 2012=100 base; new series with base 2024 from January 2026 data
5. 7 Jan2026
   Economy

   NSO first advance estimates put FY26 GDP growth at 7.4 percent¹⁴¹⁵

   The NSO's first advance estimates released on 7 January projected real GDP growth of 7.4 percent for 2025-26, up from 6.5 percent in 2024-25, with gross value added up 7.3 percent.

   • Released 7 January 2026
   • FY26 real GDP growth 7.4 percent vs 6.5 percent in FY25
   • Gross value added growth 7.3 percent
   • Services strongest, agriculture about 3.1 percent
6. 29 Dec2025
   Economy

   November 2025 IIP growth at 6.7 percent¹⁶¹⁷¹⁸

   MoSPI's quick estimate, released on 29 December 2025, put November 2025 IIP growth at 6.7 percent, a two-year high. It was later revised to 7.2 percent.

   • MoSPI quick estimate released 29 December 2025: IIP grew 6.7 percent year on year in November 2025, a two-year high
   • Manufacturing 8.0 percent, mining 5.4 percent, electricity (-)1.5 percent
   • Later revised to 7.2 percent in the January 2026 release (December 2025 IIP: 7.8 percent)
7. 12 Dec2025
   Economy

   CPI inflation for November 2025 at 0.71 percent¹⁹²⁰²¹

   India's retail inflation for November 2025 rose to 0.71 percent from October's record low of about 0.25 percent, while food inflation stayed negative at -3.91 percent.

   • CPI inflation for November 2025: 0.71 percent (provisional), released 12 December 2025
   • October 2025: 0.25 percent, a record low
   • Food inflation (CFPI): -3.91 percent, sixth straight month of deflation
   • Inflation below RBI's 2 percent lower tolerance for the third month
8. 28 Nov2025
   Economy

   India's Q2 FY26 GDP grows 8.2 percent, a six-quarter high²²²³

   NSO data released on 28 November (discussed in December coverage) showed real GDP growth of 8.2 percent in July-September 2025, beating forecasts. Manufacturing grew 9.1 percent and H1 FY26 growth was 8.0 percent.

   • Q2 FY26 (July-September 2025) real GDP growth: 8.2 percent, against 5.6 percent a year earlier
   • Manufacturing growth 9.1 percent; construction 7.2 percent
   • H1 FY26 growth 8.0 percent
   • Data released by MoSPI on 28 November 2025

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Sources

1. Union Bank of India research
2. Canara Bank research
3. Polymer Update
4. Press Information Bureau (MoSPI press note)
5. PRS Legislative Research
6. ORF
7. Outlook Business
8. Onmanorama
9. Swarajya
10. All India Radio
11. PIB/MoSPI (official)
12. Asia News Network
13. Fibre2Fashion
14. Outlook Money
15. Deccan Chronicle
16. Press Information Bureau (MoSPI)
17. ETV Bharat
18. Times of Oman
19. MoSPI (official)
20. Business Standard
21. All India Radio
22. Business Today (MoSPI data)
23. 360 ONE Asset research note