India’s Consumer Price Index (CPI) gets a major update 📊
The base year has been revised to 2024.
The weight of Food & Beverages has been reduced to 36.75% (from 42.86%), indicating gradual diversification of consumption patterns.
CPI will now be assessed across 12 sub-sectors for better inflation measurement.
📌 Important for GS-3 (Economy)
📌 Useful for Prelims
Data released by Ministry of Statistics and Programme Implementation
#UPSC #Economy #Inflation #CPI #Prelims #GS3