India, Feb. 22 -- To better reflect current consumer spending habits, the government is taking steps to include ecommerce data in the Consumer Price Index (CPI).

According to an ET report, the Ministry of Statistics and Programme Implementation (MoSPI) has started discussions with other ministries and online retailers to determine the best way to incorporate this information.

The report said that the updated CPI, with 2024 as the new base year, is expected to be released early next year.

Notably, CPI is a measure of inflation that tracks price changes over time.It's calculated based on the prices of a basket of goods and services that households buy.

The weights of items in the index will be derived from the Household Consumption Expe...