The revision in the Consumer Price Index (CPI) base year has had a limited impact on monetary policy interpretation, and the Reserve Bank of India (RBI) is expected to maintain status quo on interest rates in the coming quarters, according to a report by Union Bank of India.
Chief Economic Advisor Anantha Nageswaran on Thursday said that the Consumer Price Index, based on the revised base year, will improve the quality of monetary and fiscal policy decisions.
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.
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.
The Ministry of Statistics and Programme Implementation (MoSPI) will hold a Pre-Release Consultative Workshop on the Base Revision of the Consumer Price Index (CPI), Gross Domestic Product (GDP), and Index of Industrial Production (IIP) on November 26, 2025, in Mumbai. The event aims to shar