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Sign in to searchConsumer Price Index (CPI) Base Year Revised to 2024
The Ministry of Statistics and Programme Implementation has revised the base year of the Consumer Price Index (CPI) from 2012 to 2024, with the first data under the new series released in February 2026. CPI is the primary indicator of retail inflation and is used by the Reserve Bank of India for monetary policy decisions.
Salient Features: The new CPI series expands coverage to over 1,400 rural and 1,300 urban markets. The consumption basket has increased from 299 to 358 items, including modern goods and services like OTT subscriptions and digital services. The weight of food has declined significantly, while housing weight has increased, reflecting changing consumption patterns. The index now follows the UN’s COICOP 2018 classification, increasing divisions from 6 to 12.
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CPI base year revised from 2012 to 2024 by India's Ministry of Statistics. New series expands coverage, adds modern items, and improves inflation measurement for better RBI monetary policy decisions.
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