Macroeconomic Insights: India CPI – Basket Reweighting Explained

India’s National Statistical Office launched a new Consumer Price Index series on February 12, 2026, shifting the base year from 2012 to 2024 and overhauling the basket composition to reflect current household spending patterns. The most consequential change is...

Macroeconomic Insights: Colombia CPI: The Minimum Wage Shock

Colombia’s 12-month inflation outlook for 2026 has been revised higher. We now expect inflation to hit up to 6.7%YoY by the end of the year (Figure 1). This is a clear break from the lower path implied before the minimum wage decision. The shift follows the 23%...

Macroeconomic Insights: Expect the Unexpected

Mark Carney at Davos, January 20, 2026 “For decades, countries like Canada prospered under what we called the rules-based international order. We joined its institutions, we praised its principles, we benefited from its predictability… this bargain no...