Govt considering major cut to food weighting in new CPI basket

Quick Summary:

An Indian government panel proposed lowering the food weight in the consumer price index by up to 8 percentage points to help manage inflation.

This revision is based on more recent consumer spending surveys and may be implemented by January 2026.

The food and beverage category currently makes up 54.2% of the CPI basket.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Bloomberg

Category: EconomyBusiness

Markets: IndiaBangladeshGermanyMaliOman

Topics: Consumer price index Reserve Bank of India Business news Food inflation in India Statistics ministry CPI basket Retail inflation in India

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 12:59:51 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 761 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 21967134

View Article Analysis

About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 23 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 7 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

Publisher Details

Frequently Asked Questions