India revises CPI formula to include modern expenses
after close1 source ↓written by the desknot a recommendation
- with a new
- 12 Feb 2024
- base year
- 2024
India's consumer price index (CPI) inflation data will be released on 12 Feb 2024 with a new base year of 2024. This update will incorporate expenses like online shopping, OTT subscriptions, and airfares, shifting how inflation is calculated. The changes may influence interest rates, EMIs, and overall monetary policy.
This revamped CPI formula aims to provide a more accurate reflection of current consumer spending patterns, which could lead to significant adjustments in economic strategies.
Not investment advice. For informational purposes only.