<h1>GST Likely to Have Minimal Impact on CPI; Temporary Inflation Possible; Effects Vary Across Industries; Council to Discuss Tax Categories.</h1> The Goods and Services Tax (GST) is expected to have minimal direct impact on the consumer price index (CPI) due to lower tax rates on CPI basket items compared to existing levies. While increased tax compliance might raise the tax burden, potentially passing costs to consumers, any inflationary effects are likely temporary. The GST's influence on growth is uncertain, with no significant rise in consumption anticipated. Positive effects are expected for consumer staples and media, while airlines and oil and gas may face negative impacts. The GST Council will address unresolved tax categories, including footwear and textiles, in an upcoming meeting.