India’s New CPI 2024 Series Aligns With Global Standards, SBI Says Revised Structure Improves Credibility & Reflects Changing Urbanisation Trends
India’s New CPI 2024 Series Aligns With Global Standards, SBI Says Revised Structure Improves Credibility & Reflects Changing Urbanisation Trends is drawing significant interest across the industry.
India’s CPI 2024 series adopts the global COICOP 2018 classification and updates the inflation basket to reflect modern consumption patterns. The new series lowers food weight, expands the number of items and markets covered, and captures changing urbanisation trends across states, improving the credibility and usefulness of inflation data.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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