New CPI basket won’t include free food items
Free food grains from the public distribution system, benefiting nearly 80 crore people, will not be part of the new consumer price index basket. A technical panel decided against including these items to align with global practices, citing potential distortionary effects on inflation figures. This decision follows extensive discussions within the statistics ministry.🕒 1 min read
Free food grains from the public distribution system, benefiting nearly 80 crore people, will not be part of the new consumer price index basket. A technical panel decided against including these items to align with global practices, citing potential distortionary effects on inflation figures. This decision follows extensive discussions within the statistics ministry.
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