What’s New Base revised from 2012 to 2024 using Household Consumption Expenditure Survey 2023-24 12 Divisions in place of 6 Groups in accordance to Classification of Individual Consumption According to Purpose (COICOP) 2018 Release of All India and State level Item indices for rural, urban and combined sectors New Additions: Rural housing, Online media service provider/Streaming services, value added dairy products, Barley & its product, Pen-drive & External Hard disk, Attendant, Babysitter and Exercise equipment Items Removed: VCR/VCD/DVD player and hiring charges, Radio, Tape recorder, Clothing second-hand, CD/DVD audio/video cassettes and Coir/rope

The Ministry of Statistics & Programme Implementation is releasing the Consumer Price Index (CPI) with Base 2024=100. The item basket and the corresponding weights are based on Household Consumption Expenditure Survey 2023-24. The exercise is being done for enhancing the coverage and representativeness of the inflation measure. The revision introduces more granular data enabling policymakers, financial institutions, businesses and citizens with precise data-driven decisions.

1. Key Statistics
2. National Level Indices
3. 1. Year-on-year inflation rate based on All India Consumer Price Index (CPI) with base year 2024 for the month of January, 2026 over January, 2025 is 2.75%(Provisional). Corresponding inflation rates for rural and urban are 2.73% and 2.77%, respectively.

 

1. 2. Food Inflation: - Year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) for the month of January, 2026 over January, 2025 is 2.13% (Provisional). Corresponding inflation rates for rural and urban are 1.96% and 2.44%, respectively.
   3. Housing Inflation: - Year-on-year Housing inflation rate for the month of January, 2026 is 2.05% (Provisional)and the corresponding inflation rates for rural and urban are 2.39% and 1.92%, respectively.
2. 4. At National level, division wise inflation for the month of January, 2026 in the Combined sectors may be seen from the graph below-

1. 5. All India General CPI and CFPI with base year 2024 for the Combined sectors from January, 2025 to January, 2026 is given below-

Month	CPI	CFPI
Jan-25	101.67	101.87
Feb-25	101.32	100.40
Mar-25	101.39	100.27
Apr-25	101.58	100.18
May-25	101.90	100.54
Jun-25	102.51	101.74
Jul-25	103.35	103.67
Aug-25	103.74	104.49
Sep-25	103.74	104.12
Oct-25	103.74	103.94
Nov-25	104.01	104.45
Dec-25	104.10	104.09
Jan-26	104.46	104.04

1. 6. Top 5 items with low inflation at All India combined level in January, 2026 are given in table below:

S.No.	Item		Weight	Inflation (%)
1	Garlic		0.3738	-53.05
2	Onion		0.7006	-29.27
3	Potato		0.7549	-28.98
4	Arhar, Tur		0.5333	-24.90
5	Peas		0.1254	-15.56

1. 7. Top 5 items with high inflation at All India combined level in January, 2026 are given in table below:

S.No.	Item		Weight	Inflation (%)
1	Silver Jewellery		0.3127	159.67
2	Tomato		0.4961	64.80
3	Coconut: copra		0.0854	47.18
4	Gold/Diamond/Platinum Jewellery		0.6230	46.77
5	Coconut oil		0.0579	40.44

 

1. 8. The month over month (MoM) change in CPI and CFPI from January, 2025 to December, 2025 in CPI 2024 series is given in the following graph:

2. State level Indices

Top five States (having more than 50 lakhs population as per Census 2011) with highest inflation in January, 2026 are given below-

2. December 2025 (Final) figures for CPI base 2012=100

All India CPI, CFPI and corresponding inflation rates for the month of December 2025 (Final) with base year 2012 are given as follows- 

 

3. Response Rate- Real time price data are collected from selected 1407 urban Markets (including online markets) and 1465 villages covering all States/UTs through personal visits by field staff of Field Operations Division of NSO, MoSPI on a weekly roster. During the month of January, 2026, prices were collected from 100% rural and urban markets while the market-wise prices reported therein were 100% for rural markets and 99.98% for urban markets. CPI for February 2026 will be released on 12th March, 2026 (Thursday) or the next working day in case of 12th being a holiday. Detailed indices including granular level indices (State and Item wise) for the year 2025 and January 2026 may be downloaded from eSankhyiki portal of MoSPI- https://esankhyiki.mospi.gov.in/ State-level item indices, available on the portal, should be interpreted cautiously in view of thin samples of price used for index compilation in some of the cases.

IV. Technical Note on Base Updation Exercise of Consumer Price Index (CPI) (Base 2024=100)

Background and Rationale

The Consumer Price Index (CPI) series with base year 2024=100 has been introduced to ensure that the index remains representative of current household consumption patterns, price structures, and the evolving nature of the Indian economy. The previous CPI series with base 2012=100 served as a stable and reliable measure for more than a decade; however, during this period, significant structural changes have occurred in consumption behaviour, income levels, urbanisation, expansion of the services sector, and digitalisation.

The base updation exercise has been undertaken on the basis of the latest Household Consumption Expenditure Survey (HCES) 2023–24, which provides comprehensive information on household expenditure patterns across rural and urban areas of the country.

Expert Group and Consultative Process

An Expert Group on Base Revision of CPI was constituted with representation from the Reserve Bank of India, academia, line Ministries, and statistical experts.

The Expert Group examined methodological, coverage, classification and data-related aspects of CPI revision. In addition, extensive consultations were undertaken through pre-consultative workshops, interactions with key stakeholders and public discussion papers. To understand the global best practices for refining methodology and incorporating alternative data sources, consultations with International Monetary Fund, World Bank and UNECE’s Group of Experts have also been done.

Reference Period and Base Year Selection

For any price index to be robust and analytically sound, the price reference period should be as close as possible to the weight reference period. In CPI 2024, expenditure weights are derived from HCES 2023–24, while base-period prices were collected during January 2024 to December 2024.

Accordingly, 2024 has been selected as the base year, ensuring close alignment between the weight reference period and the price reference period, thereby improving internal consistency and representativeness.

Revision of Item Basket and Coverage

At the all-India level, the number of weighted items has increased from 299 to 358 in CPI 2024. Within this:

• Goods items are increased from 259 to 308
• Services items are increased from 40 to 50

This expansion strengthens the representation of the services sector, which has assumed greater importance in household expenditure over time.

Key enhancements:

• First-time inclusion of rural house rent for improving coverage of rural housing consumption
• Strengthened representation of modern consumption items such as online media services and fuels (CNG/PNG)
• Improved coverage of data available on digital and administrative sources, including telephone charges, rail fare, air fare, fuel, postal charges and online media and streaming services (OTT subscriptions).

Adoption of International COICOP - 2018 Framework

The CPI 2024 series adopts the Classification of Individual Consumption According to Purpose (COICOP) 2018, replacing the earlier structure comprising six broad groups. This is the latest classification system developed by United Nations Statistics Division. Under the revised framework, expenditure is classified into 12 divisions at the first level, 43 groups, 92 classes, 162 subclasses enabling and 358 items at last level of hierarchy which enables:

• Classification of items according to its usage
• Ensures global comparability of India’s CPI
• Enables more granular dissemination of indices and inflation rates

Revised Weights and Weighing Diagram

The revised weights reflect updated household expenditure patterns as captured in HCES 2023–24. Share of Food & Beverages is declined in the new series, however, it continues to remain the largest component of the CPI basket.

A diagrammatic presentation of the revised weighing structure, showing division-wise shares for CPI 2012 (Base 2012=100) and CPI 2024 (Base 2024=100), is provided to illustrate changes in relative importance across major consumption groups. The revised weighing diagram highlights:

• Declining food share in household expenditure
• Importance of housing, services, and transport-related items
• Better alignment with current consumption behaviour

Month-over-Month change in General CPI during 2025 with 2012 as base year vis-à-vis with 2024 as base year

Price Collection Methodology and Digitalisation

As part of the base updation exercise, the CPI 2024 series marks the introduction of Computer Assisted Personal Interviewing (CAPI) for price data collection. Under CAPI, price data are collected electronically using handheld devices with in-built validation checks, standardized item specifications, and real-time monitoring capabilities. The transition to CAPI enhances data quality, timeliness and consistency.

Physical market price collection continues to form the backbone of CPI compilation. However, to reflect changing purchasing behaviour, the CPI 2024 series supplement traditional collection with alternative data sources:

• E-commerce prices introduced as an additional market in 12 large towns (population exceeding 25 lakhs)
• Online sources for select services such as airfares and OTT subscriptions
• Administrative data for standardized services such as rail fares, postal charges and fuel prices

Clear item specifications and defined price collection protocols are followed to ensure comparability and consistency.

Housing Index Compilation

In the revised CPI series, the Housing index is compiled using a weighted average of three constituent groups, namely “actual rental payments for housing”, “maintenance, repair and security of the dwelling”, and “water supply and other miscellaneous services” relating to the dwelling. Housing inflation is thereafter computed on a year-on-year basis based on the resulting composite Housing index.

Compilation of combined index

Combined indices at all levels have been calculated by taking the weighted average of rural and urban indices with corresponding rural and urban weights.

Linking Factor and Back Series

To facilitate continuity and ease of analysis on the basis of time series data, CPI 2024 series is being released along with following back series data;

• Linking factors between CPI 2012 and CPI 2024 series
• All India General Indices for Rural, Urban and Combined sectors for the period of January 2013 to December 2024.
• Annual Inflation rates based on all India General Indices for Rural, Urban and Combined sectors for the period of January 2014 to December 2024

Calculation of linking factor: A linking factor is calculated to connect the two series over a common overlapping period. The overlapping period here is 2025, during which both CPI 2012 and CPI 2024 indices are available. This overlapping year forms the basis for linking the two series.

Formula for CPI Linking Factor (Annual Overlapping) is as follows:

Let Avg Iynew : denote the annual average (Geometric mean) CPI of the new series for the overlapping year y;

Avg Iyold : denote the annual average (Geometric mean) CPI of the old series for the same overlapping year y.

 The Linking Factor (LF) is given by:

LF = Avg Iynew  / Avg Iyold

The linked CPI for the earlier month t is obtained as:

Itlinked  = ItOld × LF (where month t implies earlier period than y)

 ItOld  is the CPI for month t from the CPI 2012 series and Itlinked  is the corresponding CPI for month t with base 2024. y denotes year 2025.

Following linking factor is used to calculated back series at general level;

S. no.	CPI General	Linking factor
1.	Rural	0.5222
2.	Urban	0.5320
3.	Combined	0.5267

The CPI 2024 series is based on the latest Classification of Individual Consumption According to Purpose (COICOP-2018) framework of UNSD, whereas the CPI 2012 series followed a different classification system. Due to these differences, the two series can be directly linked only for general index level.

Conclusion

The CPI 2024 series represent a comprehensive strengthening of India’s inflation measurement framework. Through updated weights, expanded coverage, improved classification, and incorporation of modern data sources, the revised CPI provides a more representative, transparent and methodologically robust measure of retail price change, aligned with international best practices and current consumption realities.

For more details, Expert Group Report on Comprehensive Updation of Consumer Price Index may be seen on this link.

V. Annexures

Annexure	Title
I	All India General (Rural, Urban and Combined) division wise indices and inflation for January, 2026 (Provisional)
II	All India General (Rural, Urban and Combined) group wise indices and inflation for January, 2026 (Provisional)
III	State wise general index and inflation in January, 2026 (Provisional)
IV	State level (Rural, Urban and Combined) index from January 2025 to December, 2025(downloadable table)
V	Frequently Asked Questions on CPI 2024

Annexure- I

All India General (Rural, Urban and Combined) division wise indices and inflation for January, 2026 (Provisional)

Division code	Division name	Index			Inflation
		Rural	Urban	Comb.	Rural	Urban	Comb.
01	Food and beverages	103.89	104.25	104.03	1.96	2.38	2.11
02	Paan, tobacco and intoxicants	104.41	104.42	104.42	2.73	3.15	2.86
03	Clothing and footwear	106.61	104.80	105.92	3.40	2.29	2.98
04	Housing, water, electricity, gas and other fuels	102.11	101.96	102.02	1.33	1.65	1.53
05	Furnishings, household equipment and routine household maintenance	103.12	102.78	102.97	1.55	1.31	1.45
06	Health	103.72	104.22	103.91	2.12	2.30	2.19
07	Transport	100.67	100.61	100.64	0.12	0.06	0.09
08	Information and communication	103.54	102.99	103.30	0.23	0.07	0.16
09	Recreation, sport and culture	103.85	104.22	104.03	2.06	2.58	2.32
10	Education services	104.77	105.71	105.33	3.08	3.53	3.35
11	Restaurants and accommodation services	104.77	106.56	105.71	1.98	3.66	2.87
13	Personal care, social protection and miscellaneous goods and services	123.07	122.05	122.63	19.59	18.28	19.02
	All India	104.59	104.30	104.46	2.73	2.77	2.75

Annexure- II

All India General (Rural, Urban and Combined) group wise indices and inflation for January, 2026 (provisional)

Group code	Group name	Index			Inflation
		Rural	Urban	Comb.	Rural	Urban	Comb.
01.1	Food	103.89	104.31	104.04	1.96	2.44	2.13
01.2	Beverages	103.65	103.10	103.41	1.71	1.37	1.56
01.3	Services for processing primary goods for food	106.00	106.72	106.21	3.22	3.91	3.42
02.1	Alcoholic beverages	105.81	105.31	105.65	3.78	3.89	3.82
02.3	Paan and tobacco	103.17	103.49	103.26	1.78	2.38	1.96
03.1	Clothing	107.05	105.40	106.42	3.75	2.82	3.40
03.2	Footwear	103.71	101.06	102.67	1.05	-1.04	0.23
04.1	Actual rental payments made for housing	102.62	102.28	102.36	2.18	1.86	1.93
04.3	Maintenance, repair and security of the dwelling	105.13	104.63	104.95	3.23	3.15	3.20
04.4	Water supply and miscellaneous services relating to the dwelling	100.91	102.22	101.82	0.63	1.77	1.42
04.5	Electricity, gas and other fuels	101.06	100.10	100.68	0.26	0.49	0.35
05.1	Furniture, furnishings, and loose carpets	104.58	103.90	104.32	2.28	1.90	2.13
05.2	Household textiles	106.15	103.72	105.24	3.16	1.18	2.41
05.3	Household appliances	101.17	100.18	100.71	0.18	-0.65	-0.21
05.4	Glassware, tableware and household utensils	105.74	104.53	105.28	3.19	2.12	2.78
05.5	Tools and equipment for house and garden	98.85	99.59	99.10	-1.51	-0.54	-1.19
05.6	Goods and services for routine household maintenance	102.68	103.25	102.94	1.46	1.89	1.66
06.1	Medicines and health products	104.40	104.38	104.39	2.52	2.15	2.38
06.2	Outpatient care services	101.96	104.03	102.80	0.89	2.57	1.57
06.3	Inpatient care services	103.95	104.83	104.32	2.76	3.40	3.02
06.4	Other health services	102.23	103.00	102.52	1.16	1.81	1.41
07.1	Purchase of vehicles	97.34	96.65	96.99	-4.32	-4.73	-4.53
07.2	Operation of personal transport equipment	100.03	100.05	100.04	0.11	0.12	0.11
07.3	Passenger transport services	103.15	103.96	103.50	1.88	2.56	2.17
07.4	Transport services for goods	107.51	107.67	107.61	7.34	7.57	7.48
08.1	Information and communication equipment	97.72	97.16	97.46	-2.18	-2.46	-2.31
08.3	Information and communication services	105.11	104.71	104.93	0.84	0.79	0.82
09.1	Recreational durables	97.97	101.25	100.27	-1.15	1.27	0.55
09.2	Other recreational goods	104.71	104.81	104.75	2.63	2.62	2.63
09.3	Garden products and pets	113.77	115.26	114.56	6.62	10.25	8.54
09.4	Recreational services	102.60	101.94	102.20	1.81	1.03	1.34
09.5	Cultural goods	102.09	103.67	102.87	0.68	1.62	1.15
09.6	Cultural services	103.22	104.42	103.96	2.11	2.41	2.29
09.7	Newspapers, books and stationery	102.43	102.54	102.48	1.20	1.49	1.33
10.1	Early childhood and primary education	106.11	105.98	106.03	3.81	3.23	3.45
10.2	Secondary education	105.54	106.99	106.47	3.81	4.33	4.14
10.4	Higher education	102.20	105.74	104.49	1.50	4.72	3.59
10.5	Education not defined by level	103.19	103.21	103.20	2.09	2.20	2.14
11.1	Food and beverage serving services	104.78	106.56	105.73	1.98	3.66	2.87
11.2	Accommodation services	102.07	104.62	103.21	0.87	3.01	1.83
13.1	Personal care	104.61	105.18	104.85	2.91	3.18	3.03
13.2	Other personal effects	172.80	165.27	169.46	62.46	55.17	59.23
13.9	Other services	102.26	101.91	102.12	1.20	1.21	1.20

Annexure-III

State wise general index and inflation in January, 2026 (Provisional)

State	CPI			Inflation
	Rural	Urban	Combined	Rural	Urban	Combined
Andaman And Nicobar Islands	108.02	105.70	106.88	5.55	2.94	4.27
Andhra Pradesh	104.10	104.43	104.23	2.58	3.23	2.83
Arunachal Pradesh	102.66	102.94	102.73	1.32	1.22	1.29
Assam	103.08	102.47	102.95	0.67	1.22	0.78
Bihar	104.37	102.40	104.09	2.69	1.25	2.48
Chandigarh	*	103.70	103.70	*	2.33	2.33
Chhattisgarh	103.12	102.46	102.89	2.01	1.01	1.67
Goa	103.44	103.58	103.53	1.56	2.12	1.92
Gujarat	103.02	103.48	103.29	2.01	2.38	2.23
Haryana	104.42	104.37	104.40	2.39	2.72	2.55
Himachal Pradesh	104.73	105.01	104.77	2.86	3.24	2.92
Jammu And Kashmir	104.37	103.79	104.21	1.13	1.87	1.34
Jharkhand	104.45	102.57	103.81	2.42	1.23	2.02
Karnataka	105.32	104.87	105.09	2.97	3.02	2.99
Kerala	106.50	105.02	105.68	4.18	3.26	3.67
Ladakh	105.30	104.51	105.10	1.92	1.29	1.76
Lakshadweep	104.27	105.33	105.04	2.28	3.30	3.02
Madhya Pradesh	104.20	104.09	104.15	2.58	2.94	2.72
Maharashtra	104.57	104.07	104.27	2.84	2.45	2.60
Manipur	101.78	103.38	102.30	-0.43	1.29	0.12
Meghalaya	104.55	103.30	104.23	1.75	1.43	1.66
Mizoram	103.10	102.09	102.52	0.53	0.04	0.25
Nagaland	105.39	103.45	104.65	2.66	1.87	2.36
NCT of Delhi	101.70	103.04	103.01	1.86	2.15	2.15
Odisha	103.76	103.09	103.58	1.88	1.84	1.87
Puducherry	105.18	105.32	105.28	2.60	3.75	3.39
Punjab	105.07	103.93	104.55	3.04	2.32	2.71
Rajasthan	104.97	104.61	104.84	3.29	2.95	3.17
Sikkim	105.44	105.25	105.38	2.92	3.25	3.04
Tamil Nadu	105.54	105.61	105.58	3.16	3.51	3.36
Telangana	106.91	106.36	106.59	5.19	4.72	4.92
The Dadra And Nagar Haveli And Daman And Diu	103.15	104.23	103.96	2.00	2.78	2.58
Tripura	102.02	102.04	102.03	1.41	0.89	1.29
Uttar Pradesh	104.66	104.28	104.54	2.64	2.74	2.67
Uttarakhand	105.00	103.60	104.49	2.34	1.81	2.15
West Bengal	104.06	103.94	104.00	2.86	2.70	2.79

*: No rural market in Chandigarh

Annexure- V

Frequently Asked Questions (FAQs) on CPI 2024 Series

1. What is Consumer Price Index?

Ans: The Consumer Price Index (CPI) is designed to measure the changes over time in general level of retail prices of selected goods and services that households purchase for the purpose of consumption.

2. How inflation is calculated using CPI?

Ans: Inflation is calculated as the year-on-year percentage change in CPI.

Inflation Rate (%) = It-It-12It-12×100  , where It   is the CPI for the month ‘t’. It-12  is the CPI for the t month of the previous year.

3. What is Base Year and why it is important?

Ans: The Base Year is a chosen year taken as a reference point (index = 100) to compare prices over time. It is important because it helps measure how much prices have increased or decreased and keeps inflation figures relevant and easy to understand.

4. What is the Base Year of new CPI series?

Ans: The base year of the new CPI series is 2024=100.

5. What is the base updation exercise?

Ans: The base updation exercise mainly involves revising the CPI item basket and updating item weights based on the latest Household Consumption Expenditure Survey (HCES). This base updation exercise encompasses fresh market survey, base price collection and other methodological refinements.

6. On which HCES, the new CPI series is updated?

Ans: The latest Household Consumption Expenditure Survey (HCES) 2023-24 is used for updating item basket and weights of CPI 2024 series.

7. How many markets & towns are covered in CPI 2024?

Ans: CPI 2024 series covers 1,465 rural markets and 1,395 urban markets across 434 towns. In addition, 12 online markets are covered across 12 towns having a population of more than 25 lakh.

8. How often is price data collected for CPI?

Ans: Price data are collected monthly from rural and urban markets. Online prices are collected on weekly basis.

9. What are Index reference period, Weight reference period and Price reference period?

Ans:

Index reference period: It is the period for which index equals 100. For the current CPI, the index reference period is 2024=100.

Weight reference period: It is the period for on the basis of which weights are calculated. For CPI 2024, Household Consumption Expenditure Survey 2023-24 data is used for deriving the weights. 

Price reference period: It is the period during which the base prices are collected. The price reference for the current CPI series is calendar year 2024.

10. What are the major changes in CPI 2024 series?

Ans: Major changes in CPI 2024 includes revising item baskets and weights as per HCES 2023-24, adoption of COICOP - 2018 Framework, refinement in Index compilation methodology, inclusion of alternative data sources, use of modern technology and more granular data dissemination.

11. When the Consumer Price Index (Rural, urban and combined) has been started releasing in India by MoSPI?

Ans: The Consumer Price Index (Rural, urban and combined) has been started releasing by the Ministry of Statistics and Programme Implementation (MoSPI) since January 2011 with base year 2010=100.

12. Are weights for CPI 2024 available in public domain?

Ans: Weights (All India, State, Sector, Division, Group and Item wise) for CPI 2024 series are available at “www. mospi.gov.in” and https://www.cpi.mospi.gov.in in announcement tab.

13. What is the main role of the Expert Group constituted for the Base Revision of   CPI 2024?

Ans: The main role of the Expert Group is to provide guidance and recommendations on the CPI base updation including sample selection and methodology.

14. Have online markets been included in the CPI 2024 series?

Ans: Twelve online markets have been added across 12 towns with a population of more than 25 lakh to capture price variations of items sold on e-commerce and online platforms. In addition, price collection for airfare, telephone and OTT are also collected through online platforms.

15. How has the number of weighted items changed in the CPI 2024 series compared to CPI 2012?

Ans: At All-India level, the total weighted items have been increased from 299 to 358. Specifically, goods items have risen from 259 to 308, and services items from 40 to 50.

16. Which organization collects CPI price data for MoSPI?

Ans: Field Operations Division of National Sample Survey (NSS), MoSPI collects monthly price data for CPI.

17. How are prices collected under the CPI 2024 series?

Ans: In the CPI 2024 series, prices are collected using a tablet-based software application via Computer Assisted Personal Interview (CAPI), replacing the traditional paper-based method.

18. What is COICOP? Why its adoption is important for CPI 2024?

Ans: The Classification of Individual Consumption According to Purpose (COICOP) is the international classification of household expenditure developed by United Nations Statistics Division. The objective of the COICOP is to provide a framework of homogeneous categories of goods and services from the point of view of its usage by the households. Its adoption ensures that India’s CPI is comparable with CPIs worldwide.

19. What is the hierarchical structure of CPI 2024 after adopting COICOP 2018?

Ans: CPI 2024 has 12 Divisions, 43 Groups, 92 Classes, and 162 Sub-classes as per COICOP 2018.

20. Which method is used for elementary index compilation in the CPI 2024 series?

Ans: The Jevons index (Short index formula) is used for compiling elementary indices in the CPI 2024 series.

21. Which method is used for higher level index compilation in the CPI 2024 series?

Ans: The Young/Modified Laspeyres’ index is used for compiling higher level indices in the CPI 2024 series. 

22.  What is the sample size of dwellings for house rent collection in CPI 2024 series?

Ans: Total 19039 dwellings, including 15715 in urban and 3324 in rural, are identified for rent collection in CPI 2024. In view of use of chain-based index, more dwellings, if available, may be added in future.

23. Is rural housing covered in CPI 2024?

Ans: Yes

24. What is weight of rural housing in CPI 2024?

Ans: The weight of rural housing in CPI 2024 series is 11.764%. This includes Housing, water, electricity, gas and other fuels. However, House rent share for rural sector is 2.4572.

25. Why free social transfers expenditure is not considered in the CPI?

Ans: By definition, CPI should include only items on which households actually spend money. IMF’s manual on CPI also suggests that social transfer in kind should not be considered in CPI compilation. In view of this, free social transfers are excluded from CPI.

26. What alternative data sources are being used in the CPI 2024 series?

Ans: In the CPI 2024 series, alternative data sources such as administrative data and e-commerce/online price data are used.

27. How the prices for airfares are collected in the CPI 2024 series?

Ans: Airfares are collected through well-known online platforms.

28. How online media and streaming services prices are collected in the CPI 2024 series?

Ans: Prices for services like Amazon Prime Video, Netflix, Jio Hotstar, SonyLiv, YouTube Premium, and Zee5 are collected online directly from the service providers’ websites.

29. Will both prepaid and postpaid mobile plans be included in CPI 2024?

Ans:  Yes. Two plans for both pre-paid and post-paid are included for compilation of telephone charges(mobile) index. Administrative data on subscriber shares is taken from the report of TRAI.

30. What is source of data for postal and money order charges in the CPI 2024 series?

Ans: Postage and money order charges are collected from administrative data provided by the Department of Posts.

31. What is source of data for rail fare in the CPI 2024 series?

Ans: Rail fares are collected using administrative data from the Ministry of Railways.

32. What is source of data for fuel prices (i.e. for Petrol, Diesel, LPG, CNG, PNG) in the CPI2024 series?

Ans: Retail selling prices (RSP) of fuel items are collected from the Petroleum Planning and Analysis Cell (PPAC), Ministry of Petroleum & Natural Gas.

33. Will all India item level indices at (Rural/ Urban/Combined) be released?

Ans: All India General, combined, rural, urban wise indices for Divisions, Groups, Classes, Sub-classes and items will be released every month.

34. Will state level CPI also be released?

Ans: State level General, combined, rural, urban wise indices for Divisions, Groups, Classes, Sub-classes and items will be released every month for all States/UTs.

35. From where can CPI 2024 data be accessed?

 Ans: CPI 2024 data can be accessed from the e-Sankhyiki portal (MoSPI) at: https://esankhyiki.mospi.gov.in/macroindicators?product=cpi

36. Will Back Series data will be released?

Ans:  The back series will be calculated on the basis of linking factor. Following Back Series for Base 2024=100 will be published on 12^th February, 2026;

36. •  All India Indices for Rural, Urban and Combined sectors for the period of January 2013 to December 2024.
    • Annual Inflation rates based on all India Indices for Rural, Urban and Combined sectors for the period of January 2014 to December 2024.
37. How is the linking factor calculated for back series?

Ans: The linking factor is calculated to connect the two series over a common overlapping period. The overlapping period here is 2025, during which both CPI 2012 and CPI 2024 indices are available. This overlapping year forms the basis for linking the two series.

Formula for CPI Linking Factor (Annual Overlapping) is as follows:

Let Avg Iynew : denote the annual average (Geometric Mean) CPI of the new series for the overlapping year y;

Avg Iyold : denote the annual average (Geometric Mean) CPI of the old series for the same overlapping year y.

 The Linking Factor (LF) is given by:

LF = Avg Iynew  / Avg Iyold

The linked CPI for the earlier month t is obtained as:

Itlinked  = ItOld × LF (where month t implies earlier period than y)

 ItOld  is the CPI for month t from the CPI 2012 series and Itlinked  is the corresponding CPI for month t with base 2024.  “y” denotes year 2025.

38. What is the linking factors at general level for CPI at base 2024=100?

Ans: Following linking factor is used to calculate back series at general level;

S. no.	CPI General Level	Linking factor
	Rural	0.5222
	Urban	0.5320
	Combined	0.5267

39. What are group and division wise change in weights in CPI 2012 & CPI 2024?

Ans:  Group-wise weights as per CPI 2012 structure are given in table below:

Group	Rural		Urban		Combined
	2012	2024	2012	2024	2012	2024
Food and Beverages	54.180	44.801	36.287	34.264	45.863	40.104
Pan, Tobacco &Intoxicants	3.263	3.733	1.363	2.065	2.380	2.989
Clothing and footwear	7.357	7.123	5.571	5.464	6.527	6.383
Housing	NA	5.527	21.664	19.778	10.070	11.881
Fuel and Light	7.940	5.957	5.580	4.907	6.843	5.489
Miscellaneous	27.260	32.858	29.535	33.523	28.317	33.154

Division-wise weights as per new (2024) structure are given in table below:

Divisions	Rural		Urban		Combined
	CPI 2012	CPI 2024	CPI 2012	CPI 2024	CPI 2012	CPI 2024
Food and beverages	50.922	41.983	32.811	30.251	42.617	36.753
Paan, tobacco and intoxicants	3.263	3.733	1.363	2.065	2.380	2.989
Clothing and footwear	7.357	7.123	5.571	5.464	6.527	6.383
Housing, water, electricity, gas and other fuels	7.983	11.764	27.294	25.000	16.888	17.665
Furnishings, household equipment and routine household maintenance	3.632	4.609	3.701	4.296	3.656	4.469
Health	6.839	6.764	4.820	5.275	5.900	6.100
Transport	5.645	8.644	7.129	8.985	6.394	8.796
Information and communication	2.818	3.647	3.906	3.563	3.323	3.609
Recreation, sport and culture	1.463	1.359	1.634	1.710	1.547	1.516
Education Services	2.468	2.383	4.720	4.515	3.513	3.333
Restaurants and accommodation services	3.248	2.841	3.489	3.978	3.246	3.348
Personal care, social protection and miscellaneous goods and services	4.362	5.150	3.566	4.899	4.006	5.038

40. What is the extent of change in the weight of “Food & Beverages” in CPI 2024 series?

Ans: If the CPI 2012 classification system were followed, the share of Food and Beverages would have declined from 45.86% to 40.10%. As per the CPI 2024 classification structure, the share of Food and Beverages, which currently stands at 36.75% for 2024 series, would have been around 42.62% for the 2012 series. The change in structure between both the series is due to adoption of Classification of Individual Consumption According to Purpose (COICOP) 2018 Framework of United Nations Statistics Division (UNSD).

41. What is the actual share of Education in CPI 2024 series?

Ans: The weight of education services in CPI 2024 is 3.3%. Under COICOP 2018, books and stationery are classified separately from education services. When education services are combined with books and stationery, the effective “Education” share in CPI 2024 is 4.0%, compared with 4.46% in CPI 2012.

42. How often will base revisions occur in the future?

Ans: The Ministry plans to institutionalize base revisions at regular intervals. As per global practices, it should be done every three to five years, depending on the availability of Household Consumption Expenditure Survey (HCES) data.

For more details, Expert Group Report on Comprehensive Updation of Consumer Price Index may be seen on this link.

Click here for pdf file. 

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Samrat

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