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India updates CPI with 2024 base year, merging PDS and market rice prices to better track inflation.
India’s Ministry of Statistics is revising its Consumer Price Index (CPI) with a new 2024 base year, aiming to better reflect household spending, especially due to the nationwide free food grain scheme.
A key proposal is combining PDS and non-PDS prices into a single index for goods like rice.
The updated methodology, informed by experts and international agencies, seeks to improve accuracy in measuring inflation.
Feedback on the revised framework is open until October 22, 2025.
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India actualiza el IPC con el año base 2024, fusionando PDS y los precios del arroz de mercado para rastrear mejor la inflación.