02Mar 2026

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base year revision India Consumer Price Index India economy current affairs UPSC inflation calculation method inflation indicators India macroeconomic concepts for exams price index formula RBI monetary policy tool retail inflation vs wholesale inflation Wholesale Price Index India
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Consumer Price Index (CPI) and Wholesale Price Index (WPI): Measurement and Inflation Calculation

Consumer Price Index (CPI) and Wholesale Price Index (WPI): Measurement and Inflation Calculation In economics, inflation is a critical indicator that reflects the change in the general price level of goods and services in an economy over time. The Consumer Price Index (CPI) and Wholesale Price Index (WPI) are two commonly used indices to measure …

10Feb 2026

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base year revision India current affairs economy data accuracy economy economic indicators revision economic measurement India GDP base year update inflation index base year national accounts revision statistical reforms India UPSC statistics
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BASE YEAR REVISION OF KEY ECONOMIC INDICATORS

BASE YEAR REVISION OF KEY ECONOMIC INDICATORS Why in the News? Official Decision: Ministry of Statistics and Programme Implementation decided to revise GDP, CPI and IIP base years through a comprehensive statistical exercise. Release Timeline: New series timelines announced for GDP, CPI and IIP during February–May 2026. Global Alignment: Revision aligned with IMF’s SDDS standards …

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Consumer Price Index (CPI) and Wholesale Price Index (WPI): Measurement and Inflation Calculation

BASE YEAR REVISION OF KEY ECONOMIC INDICATORS

UPSC Prelims 2026 Live Paper Discussion & Detailed Answer Key Analysis