New Delhi, Feb. 11 -- India will at last get a recalibrated inflation measure this week, part of a broader update of Indian economic statistics. The statistics ministry is scheduled to unveil a new consumer price index (CPI) that will replace the one in use for nearly 15 years.

The weights in the new CPI will reflect changes in how Indian households allocate money in their monthly budgets to various items of spending such as food, housing, healthcare and entertainment.

These changes were revealed in the nationwide household expenditure survey conducted a couple of years ago. Shifts in the spending pattern are only to be expected as incomes have grown since 2012. The base year of the CPI will now be 2024.

The overdue move to a new CPI w...