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CPI METHODOLOGY CHANGES
India overhauls inflation framework with new Producer Price Index, revised WPIIndia is set to introduce a new Producer Price Index and a revamped Wholesale Price Index from June 15. This significant overhaul aims to a...- US Workers’ paychecks lose buying power for first time since 2022: What is crushing middle-class Americans despite rising wages and bigger paychecks running higher?US inflation rose to 3.8% in April. That is the highest level since May 2023. American workers are now losing buying power again as rising ...
- Fresh family income survey likely ahead of CPI-IW updateThe Labour Ministry is planning a new survey of working-class families. This exercise will help update the base year for the Consumer Price...
- New series will better reflect consumption patterns, reduce volatility: RBI GuvRBI Governor Sanjay Malhotra announced a new CPI inflation series based on 2024 prices, aiming to better reflect Indian households' consump...
- ET Prime Special: Macro-economics & the stock market. What the revamped CPI means – and its implications for the marketEarlier this month, India's economic data landscape underwent a seismic shift. The government unveiled a completely revamped Consumer Price...
- India January CPI: FAQs on what has changedIndia's retail inflation reached 2.75% in January with a new Consumer Price Index series. The base year is now 2024. Food's weight has decr...
- Careful with new CPI methodologyIndia is updating its Consumer Price Index base year. A key reform involves the housing index. Experts question proposed changes to how hou...
- India’s economic numbers are getting an upgrade: What’s changing, why it matters, and what the Centre wantsIndia is overhauling its economic measurement systems, incorporating online prices and real-time data to improve inflation, industrial outp...
- Base Year revision aims to capture digital economy, new data sources: MoSPI Secretary Saurabh GargIndia's government is updating its economic data base year. This revision will better show how the economy has changed over the last decade...
- CEA says mindset that India's data estimates being inferior needs to changeChief Economic Advisor V Anantha Nageswaran stated that India's GDP estimation methods are not inferior. He urged a change in mindset that ...
- Govt to tap e-tailers, online sources for price data in new CPI seriesThe government plans to include online and e-commerce price data in calculating retail inflation (CPI) to improve its accuracy, reliability...
- IIT-B paper suggests changes on housing CPI computation review proposalA technical paper from IIT-Bombay offers recommendations on proposed changes to how housing services are measured for inflation. While supp...
- Housing index: Rural rent in, staff accommodation outIndia's housing index is set for a major overhaul. The new inflation series will now cover rural areas alongside urban centers. Government ...
- MoSPI proposes to add free PDS items to inflation indexThe paper recommends creating a single commodity index by combining PDS prices (zero or subsidised, weighted by consumption categories) wit...
- MoSPI proposes new base years for IIP, GDP & CPIThe government plans to update the base years for key economic indicators. The Index of Industrial Production (IIP) and Gross Domestic Prod...
- Govt proposes 2022-23 as base year for GDP, IIP: MinisterThe government has proposed revising the base year for key economic indicators, setting 2022–23 as the new base year for GDP and IIP, and 2...
- MoSPI starts process of preparation of consumer expenditure survey resultsThe ministry of statistics has initiated the preparation of survey results for the Household Consumer Expenditure Survey (2022-24). Field w...
- Rebasing CPI necessary for better inflation targeting: RBI paperThe government needs to expedite its work on the revised consumer price index (CPI) which may help the central bank manage inflation expect...
- Government should expedite rebasing CPI: RBI paperThe current indices are derived from the consumption expenditure survey (CES) conducted during 2011-2012, long before Inflation targeting w...
- Base year for CPI to be revised this month“In a declining inflation scenario, the new headline CPI may be higher than current CPI by 5 basis points (0.05 percentage points) and in a...
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