Tag

• 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
• 49
• 0

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 …

Read More