Govt to tap e-tailers, online sources for price data in new CPI series

Govt to tap e-tailers, online sources for price data in new CPI series
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New Delhi: Thegovernment proposes to include online sources as well as e-commerce platforms to compute retail inflation in a bid to substantially improve reliability, accuracy, and overall quality of the consumer price index (CPI).

Ministry of Statistics and Programme Implementation (MoSPI) is in the process of revising the base years for computing CPI, Index of Industrial Production (IIP) and Gross Domestic Product (GDP).

The new series of CPI (consumer price index-based inflation) with base year (2024=100) data is scheduled to be released on February 12, 2026.

The data on National Accounts with financial year 2022-23 as base year is scheduled to be released on February 27, 2026, while the new series of IIP data with base year 2022-23 will be released on May 28.

MoSPI on Tuesday organised a pre-release consultative workshop on base revision of CPI, GDP and IIP.

On inclusion of new data sources in CPI, the ministry said in addition to the data collected from physical outlets as being done in the current series, prices would also be obtained from e-commerce platforms in 12 selected cities having a population of more than 25 lakh.

Efforts will also be made to procure administrative data in coordination with railways for rail fares, petroleum ministry for fuel prices, and postal department for postal tariffs.

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