Dehradun, Feb. 9 -- Inflation, one of the most closely watched macroeconomic indicators, is something, most people feel in daily life, through routine household expenses. The Consumer Price Index (CPI) captures this reality by tracking the prices of goods and services that households regularly consume, turning everyday experiences into an official measure of inflation. For the common person, the CPI is like a quiet mirror of daily life capturing, inter alia, the changing cost of basic needs like food on the plate, rent over the head, and fuel for the journey to work. Though it appears as a simple number, it speaks for households, guiding income and social security adjustments so that life's essentials remain within reach. CPI-based inflatio...