Search For "base year"
India revises CPI base to 2024, food share in household spending declines,
Updated : 4 weeks, 1 day ago IST
India has revised the base year of the Consumer Price Index (CPI) to 2024 from 2012 to reflect changes in consumption patterns, improved data sources and updated methodologies, Secretary, Ministry of Statistics and Programme Implementation (MOSPI), Saurabh Garg, said today.
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CPI inflation for January recorded at 2.75% under new base year
Updated : 1 month ago IST
Under the new arrangement, the base year has been revised from 2012 to 2024 using Household Consumption Expenditure Survey 2023-24. Further, now there are 12 Divisions in place of 6 Groups in accordance to Classification of Individual Consumption According to Purpose (COICOP) 2018. The year-
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Inflation needs monitoring in FY27 as new CPI series kicks in: SBI Researc
Updated : 1 month ago IST
The trajectory of inflation needs to be monitored before taking a monetary policy call by the Reserve Bank in 2026-27, with the Consumer Price Index (CPI) series set to come into effect soon, said SBI Research in a report.
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Economists back RBI's wait-and-watch stance, say it reflects growth confid
Updated : 1 month ago IST
Principal Economist at Crisil, said the Monetary Policy Committee's (MPC) decision was in line with expectations and underscored a cautious wait-and-watch approach. She noted that the MPC is factoring in a likely rise in inflation in the first half of the next fiscal year even as growth rema
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"AI is recommendation system but data is decision-maker system": Chairman
Updated : 1 month, 1 week ago IST
"Different people mean different things when they say use of AI. AI, what I would call is a recommendation system where you explore and it may throw up things which you have not thought of. But data is a decision-maker system, we are still far away from that," he said urging the need to work
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India progressed on fiscal consolidation, however concerns remain at certa
Updated : 1 month, 1 week ago IST
"Our deficit has only fallen with time, so there is consolidation. However, there is some degree of concern when it comes to the state deficits. There is a need to look at why some states are moving away from the Fiscal Responsibility and Budget Management (FRBM) or the kind of gains they ha
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Revision of base year to improve accuracy, support AI use: MoSPI Secretary
Updated : 1 month, 1 week ago IST
"For AI and ML, data is the key raw material. It is therefore essential that data is harmonised so that it can be effectively used by AI systems," he said. Internally, MoSPI is already using artificial intelligence to improve the accuracy of data enumeration and to speed up decision-making p
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CPI base year revision may push overall inflation up by 20-30 bps: SBI rep
Updated : 1 month, 1 week ago IST
After the revision of the Consumer Price Index (CPI) base year, overall CPI inflation is expected to rise marginally by 20-30 basis points (bps), according to a report by SBI Ecowrap.
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Base year revision of key indicators to support better-calibrated monetary
Updated : 1 month, 3 weeks ago IST
Reserve Bank of India (RBI) Governor Sanjay Malhotra, has welcomed National Statistical Office (NSO) under Ministry of Statistics and Programme Implementation's (MoSPI) base year revision of key economic indicators -- Consumer Price Index (CPI), Gross Domestic Product (GDP), and Index of Ind
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Nomura projects inflation to "drift gradually higher" in new CPI series
Updated : 1 month, 4 weeks ago IST
Nomura, in its latest report, expects CPI inflation to "drift gradually higher in the coming months" following the transition to a 2024 base year. This overhaul includes updated weights that prioritize core categories over staple foods and introduces significant methodological upgrades to da
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India's FY26 GDP growth may exceed NSO estimate after base year revision:
Updated : 2 months ago IST
The domestic GDP growth for FY26 is likely to be higher than the National Statistical Office's (NSO) current estimate once the government releases the new base year, highlighted a report by State Bank of India (SBI).
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Despite global uncertainties, domestic reforms may lead to GDP growing 6.9
Updated : 2 months, 1 week ago IST
Ind-Ra sees potential for FY27 growth to outstrip predictions, particularly with a swift Indo-US trade deal and a favorable Indian Ocean Dipole mitigating El Nino impacts. Conversely, a weaker-than-expected revival in demand could temper growth. Upcoming changes to the base year for GDP a
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