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 …

13Feb 2026

UGI USER
base year change Consumer Price Index India cost of living index economic indicators India inflation measurement macroeconomic analysis price index revision RBI Monetary Policy statistics ministry India UPSC economy notes
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CPI Base Year 2024 Revision Explained

CPI Base Year Revision Syllabus GS 3: Inflation Why in the News? Recently, India updated the Consumer Price Index base year from 2012 to 2024 using new consumption survey data to better reflect changing spending patterns and improve inflation measurement accuracy, similar to how environmental clearances are periodically reviewed to ensure relevance. Introduction Inflation affects …

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

CPI Base Year 2024 Revision Explained

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