New Delhi, March 5 (IANS) India’s new CPI 2024 series has adopted the ‘COICOP 2018’ structure to enhance credibility and ensure global comparability, and it incorporated the changing pattern in urbanisation, a report said on Thursday.The report from SBI Research said that under the old CPI 2012 classification, the share of food and beverages would have declined to 40.10 per cent, but in the new series it stands at 36.75 per cent.The new CPI series with 90 per cent of the weights covered by…
Latest COICOP 2018 News & Updates
New Delhi, Feb 12 (IANS) India’s inflation rate based on the Consumer Price Index (CPI), with the new base year 2024, for the month of January this year is estimated at 2.75 per cent compared to the same month of the previous year, according to official data released by the Ministry of Statistics on Thursday.The food inflation came in at 2.13 per cent during the month. Prices of vegetables such as potatoes, onions and garlic declined during January along with the prices of pulses such as arhar…
New Delhi, Jan 30 (ANS) The Consumer Price Index (CPI), with the new base year 2024, will increase marginally by 20-30 bps and in the months when food inflation is higher, the new CPI will be low by 20-30 bps, according to an SBI Research report.The government had formed an expert group to measure CPI accurately, with the changing consumption behaviour of the households and to incorporate latest global best practices including methodological developments.The first CPI series based on new base ye…