New Delhi, Feb. 12 -- India has revised the base year of the Consumer Price Index (CPI) to 2024 from 2012 to reflect changes in consumption patterns, improved data sources and updated methodologies, Secretary, Ministry of Statistics and Programme Implementation (MOSPI), Saurabh Garg, said today.

Speaking to reporters on the sidelines of a press conference to release the CPI with base year 2024, Garg said the revision incorporates findings from the Consumer Expenditure Survey (CES) 2023-24 and captures changes in household spending patterns over the past decade.

"The consumer price index with the 2024 base has been released. We have revised the base from 2012," Garg said. "It is very important because the consumption patterns of people h...