New Delhi, March 6 -- The new Consumer Price Index (CPI) series with base year 2024 reflects significant structural changes in consumption patterns and inflation measurement, but is unlikely to materially alter the overall inflation outlook, according to a report by SBI Research.

The report notes that the new CPI framework incorporates updated consumption trends, urbanisation patterns and modern goods and services, while remaining largely aligned with the inflation readings of the previous series.

As a result, the transition to the new series is expected to provide more granular policy signals without causing major disruptions to debt markets or monetary policy interpretation.

It stated "CPI new series is a veritable storehouse for rob...