{"id":355968,"date":"2026-02-13T17:15:30","date_gmt":"2026-02-13T11:45:30","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=355968"},"modified":"2026-02-13T17:15:30","modified_gmt":"2026-02-13T11:45:30","slug":"consumer-price-index-cpi-with-base-2024100","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/consumer-price-index-cpi-with-base-2024100\/","title":{"rendered":"Consumer Price Index (CPI) with Base 2024=100"},"content":{"rendered":"<p><b>News- <\/b><span style=\"font-weight: 400;\">The Ministry of Statistics &amp; Programme Implementation released the Consumer Price Index with base year 2024=100.<\/span><\/p>\n<h2>About Consumer Price Index (CPI) with Base 2024=100<\/h2>\n<ul>\n<li><span style=\"font-weight: 400;\">The Consumer Price Index with base 2024=100 measures the changes over time in general level of retail prices of selected goods and services that households purchase for the purpose of consumption.<\/span><\/li>\n<li><b>Published by:<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><b>Ministry of Statistics &amp; Programme Implementation.<\/b><\/li>\n<li><b>Data collected by: <\/b><span style=\"font-weight: 400;\">The <\/span><b>Field Operations Division of the National Sample Survey<\/b><span style=\"font-weight: 400;\">, under MoSPI.<\/span><\/li>\n<li><b>Base Year: <\/b><span style=\"font-weight: 400;\">The base year of the <\/span><b>new CPI series is 2024=100<\/b><span style=\"font-weight: 400;\">, replacing the <\/span><b>earlier base year of 2012=100.<\/b><\/li>\n<li><b>Methods Used<\/b>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The <\/span><b>Jevons index<\/b><span style=\"font-weight: 400;\"> is used for compiling elementary indices at the item level.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The <\/span><b>Young or Modified Laspeyres\u2019 index<\/b><span style=\"font-weight: 400;\"> is used for compiling higher level indices.<\/span><\/li>\n<\/ul>\n<\/li>\n<li><b>Data Collection Period: <\/b><span style=\"font-weight: 400;\">Price data are collected <\/span><b>monthly from rural and urban markets<\/b><span style=\"font-weight: 400;\">, while <\/span><b>online prices are collected weekly.<\/b><\/li>\n<\/ul>\n<p><strong>Key Features of CPI 2024 Series<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Revised Item Basket<\/b><span style=\"font-weight: 400;\">: The number of weighted items has <\/span><b>increased from 299 to 358 at the all-India level<\/b><span style=\"font-weight: 400;\">, with <\/span><b>goods rising from 259 to 308<\/b><span style=\"font-weight: 400;\"> and <\/span><b>services from 40 to 50,<\/b><span style=\"font-weight: 400;\"> which improves the representation of present consumption patterns.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Updated Weights<\/b><span style=\"font-weight: 400;\">: The weights are based on the Household Consumption Expenditure Survey 2023\u201324, and they reflect changes in household spending, including a decline in the share of Food &amp; Beverages while it remains the largest component.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>COICOP 2018 Adoption<\/b><span style=\"font-weight: 400;\">: The series follows the Classification of Individual Consumption According to Purpose 2018, which <\/span><b>replaces 6 broad groups with 12 divisions, 43 groups, 92 classes and 162 sub-classes for better classification and global comparability.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Rural Housing Inclusion<\/b><span style=\"font-weight: 400;\">: Rural house rent is included for the first time, and the weight of rural housing is 11.764 percent, which strengthens the coverage of rural housing consumption.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>New Items Added<\/b><span style=\"font-weight: 400;\">: Items such as online media services, value added dairy products, barley and its product, pen-drive and external hard disk, attendant, babysitter and exercise equipment are included in the basket.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Outdated Items Removed<\/b><span style=\"font-weight: 400;\">: Items like VCR or DVD player, radio, tape recorder, second-hand clothing, CD or DVD cassettes and coir rope are removed from the basket.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Digital Data Collection<\/b><span style=\"font-weight: 400;\">: The series introduces Computer Assisted Personal Interviewing and includes e-commerce prices, online sources and administrative data to improve data quality, timeliness and coverage.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News- The Ministry of Statistics &amp; Programme Implementation released the Consumer Price Index with base year 2024=100. About Consumer Price Index (CPI) with Base 2024=100 The Consumer Price Index with base 2024=100 measures the changes over time in general level of retail prices of selected goods and services that households purchase for the purpose of&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/consumer-price-index-cpi-with-base-2024100\/\">Continue reading <span class=\"screen-reader-text\">Consumer Price Index (CPI) with Base 2024=100<\/span><\/a><\/p>\n","protected":false},"author":10367,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,12039],"tags":[11872],"class_list":["post-355968","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-knolls","tag-9pm-daily-factly","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/355968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10367"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=355968"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/355968\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=355968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=355968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=355968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}