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What significant change is MoSPI considering for the revised CPI?
  • a)
    Excluding all food items from the basket
  • b)
    Introducing a new base year of 2024
  • c)
    Removing housing costs from the calculation
  • d)
    Eliminating free items from the Public Distribution System
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What significant change is MoSPI considering for the revised CPI?a) Ex...
MoSPI is proposing to introduce a new base year of 2024 for the Consumer Price Index (CPI). This change is intended to reflect current consumption patterns more accurately and improve the overall measurement of inflation. Updating the base year allows for adjustments in the weights and items included in the CPI basket, thus ensuring that it aligns with the latest economic realities. An important aspect of this revision is the consideration of including free items distributed under the Public Distribution System, which could significantly impact inflation representation.
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What significant change is MoSPI considering for the revised CPI?a) Excluding all food items from the basketb) Introducing a new base year of 2024c) Removing housing costs from the calculationd) Eliminating free items from the Public Distribution SystemCorrect answer is option 'B'. Can you explain this answer?
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