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Low food weightage in CPI under new base year
The New Indian Express
|December 03, 2024
WITH the debate raging over weightage of food inflation in the Consumer Price Index (CPI), government sources said the weightage of food in the index would come down automatically once the new base year is adopted.
The National Statistics Office is working on a new base year, which could be 2022-23 or 2023-24 and could kick in by late 2025 or early 2026.
Currently, the government uses 2011-12 base year for inflation and GDP calculation.
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