India, March 23 -- The Government of India has issued a release:
The Ministry of Statistics & Programme Implementation (MoSPI) has strengthened the measurement framework of the Consumer Price Index (CPI) through a comprehensive base revision from 2012100 to 2024100, using the latest Household Consumption Expenditure Survey (HCES) 2023-24 to update the CPI item basket and weights. The key enhancements in base revision exercise include expansion in coverage, methodological refinements, adoption of international classification system and inclusion of administrative and e-commerce data in CPI to make CPI more robust and representative. Keeping in view the adequate representativeness and feasibility of data collection, the sample markets in bot...