New Delhi, Jan. 29 -- From Uber trips to Netflix subscriptions and digital devices, India will soon start counting a host of new goods and services to determine its retail inflation. Simultaneously, items such as video-cassette recorders and audio cassettes will be removed from the consumption basket, relics of entertainment that have disappeared from India's living rooms long ago.

India will shift to a new consumer price index (CPI) series with 2024 as the base year from 12 February, the Union statistics ministry said on Thursday. This comes after an expert group recommended a comprehensive overhaul of CPI to reflect changing household consumption patterns, new services, and global best practices in inflation measurement.

The expert gr...