New Delhi, Jan. 30 -- The Ministry of Statistics and Programme Implementation (MoSPI) has placed in the public domain the recommendations of an expert group on revising India's Consumer Price Index (CPI), proposing a new base year of 2023-24 to better reflect evolving consumption patterns and global best practices.
An analysis by SBI Research suggests that applying the new weights to existing indices could raise headline CPI inflation marginally by 20-30 basis points, while periods of high food inflation may see the revised CPI lower by a similar margin.
"By considering the new weights on unchanged index we have calculated New CPI with old indices and found that overall CPI will increase marginally by 20-30 bps. While, in the months when ...