New Delhi, Oct. 4 -- The Ministry of Statistics and Programme Implementation (MoSPI) is conducting the base revision of Consumer Price Index (CPI), an official statement said today.
This process will include enhancing coverage of price collection, refining existing methodologies and exploring new data sources and effective use of modern technology in price collection and index compilation.
The statement said "In view of the launch of free food grain distribution scheme by Government of India from January one, 2023 covering 75pc rural and 50pc urban population, the issue of appropriate and realistic reflection of the same in CPI and inflation measurement has become relevant and desirable."The issue has been deliberated in detail with the N...