CPI 2024 Series to Release Inflation Data from January 2026

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CPI 2024 Series to Release Inflation Data from January 2026

Economy
CPI 2024 Series to Release Inflation Data from January 2026

The Ministry of Statistics & Programme Implementation (MoSPI) revises the Consumer Price Index base year from 2012=100 to 2024=100 and expands market coverage using updated consumption weights from the Household Consumption Expenditure Survey 2023-24. Under the CPI 2024 series, inflation data is available from January 2026 onwards, while CPI 2012 series inflation data is available up to December 2025.

Consumer Price Index (CPI) 2024 Series:

Dimension Key Details
Authority The base year revision of the Consumer Price Index is carried out by the Ministry of Statistics & Programme Implementation (MoSPI).
Base year The CPI base year is revised from 2012=100 to 2024=100.
Consumption weights source The CPI 2024 series incorporates updated consumption weights from the Household Consumption Expenditure Survey 2023-24.
Market coverage The CPI 2024 series expands market coverage.
Inflation data availability timeline Inflation data under the CPI 2024 series is available from January 2026 onwards, and inflation data of the CPI 2012 series is available up to December 2025.
Comparability across series A direct comparison of inflation under CPI 2024 with CPI 2012 is not feasible due to changes in the item basket, weights, coverage of markets, and methodology.
New inclusion The CPI 2024 series introduces rural house rent for the first time.
What CPI measures The Consumer Price Index (CPI) measures the change in retail prices of a fixed basket of goods and services consumed by households.
Inflation indicator status CPI is India’s headline retail inflation indicator, measured as YoY % change in CPI.
Construction of final CPI India’s final CPI comprises rural CPI and urban CPI mixed in proportion to their share in total consumption (weights).
Use by RBI CPI-based inflation is the primary indicator for the Reserve Bank of India to guide decisions such as interest rates and inflation control.
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Attempt Possible Qs

Q 1 / 2

With reference to the CPI 2024 series, consider the following statements:

1. Updated consumption weights are taken from the Household Consumption Expenditure Survey 2023-24.
2. The CPI 2024 series expands market coverage.
3. Direct comparison of inflation under CPI 2024 with CPI 2012 is stated to be feasible because only the base year has changed.

Which of the statements given above are correct?