New Delhi, Jan 30 || The Consumer Price Index (CPI), with the new base year 2024, will increase marginally by 20-30 bps and in the months when food inflation is higher, the new CPI will be low by 20-30 bps, according to an SBI Research report.
The government had formed an expert group to measure CPI accurately, with the changing consumption behaviour of the households and to incorporate latest global best practices including methodological developments.
The first CPI series based on new base year 2024, will release on February 12, with indices data from January 2025 onwards and inflation data for January 2026. The All-India level back series for the Rural, Urban, and Combined sectors, from January 2013 onwards, will also be released on February 12.
“By considering the new weights on unchanged index we have calculated new CPI with old indices and found that overall CPI will increase marginally by 20-30 bps. While, in the months when food inflation is higher, the new CPI will be low by 20-30 bps,” said the report.