MoSPI shifts CPI and IIP release time

India's Ministry of Statistics and Programme Implementation is changing the release time for key economic data. The Consumer Price Index and Index of Industrial Production will now be released at 4 pm on the 12th of each month. This new time align...

ANI
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The Ministry of Statistics and Programme Implementation (MoSPI) will from this month release the Consumer Price Index (CPI) and Index of Industrial Production (IIP) on the 12th of each month at 4 pm, instead of 5.30 pm.

The updated release time coincides with the closing hours of major financial markets in India, which ensures that the release of CPI data does not interfere with active trading, the ministry said on Tuesday.

“This adjustment also adheres to MoSPI's commitment to transparency and accessibility in data dissemination.”


Both the CPI and IIP are vital indicators for economic policy and financial markets, as they provide insights into inflation trends across rural and urban areas, and industrial growth in the country, the ministry said.

The next release of CPI and IIP for October will be on November 12 at 4 pm.

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