MoSPI Upgrades CPI Measurement Framework
The Ministry of Statistics & Programme Implementation (MoSPI) in India has revised the base year for the Consumer Price Index (CPI) from 2012 to 2024. This update incorporates data from the latest Household Consumption Expenditure Survey 2023–24 to improve the representativeness and accuracy of the CPI by expanding coverage, refining methodologies, and including e-commerce data.
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