According to the news
paper report, the Central Govt to release new series of CPI inflation in
February…
To present a more accurate and realistic price
situation, the government will release next month a new series of Consumer
Price Index (CPI) with 2012 as base year for computing retail inflation rate.
The Central Statistics Office (CSO) is in the
process revising the Base Year from 2010=100 to 2012=100 so that the gap
between Price Reference Year (Base Year) and the Weight Reference Year has been
minimised. The first series (revised) would be compiled for January which will
be released on February 12 and from January 2016 onwards, inflation rates would
be compiled using the actual CPI of the revised series.
Besides, the government has notified a number
of methodological improvements have been introduced in the revised series.
Prices of Antyodaya Anna Yojanna (AAY) have also been included in addition to
Above Poverty Line (APL) & Below Poverty Line (BPL) prices being taken in
the existing series.
The weight of food and beverages would be
45.86 in the new series compared to 47.58 in 2010 series for national index.
The weight of fuel and light segment would be 6.84 in the new series which is
9.49 in the 2010 series. The weight of clothing and footware segment would be
increased to 6.53 from 4.73.
The weight of housing will also be increased
to 10.07 from 9.77. Further, the weight of pan, tobacco and intoxicants will be
increased to 2.38 from 2.13 in 2010 series. Similarly the weight of
miscellaneous will also be increased to 28.32 from 26.31 in the new series.
The number of priced items has been changed
from 437 to 448 in rural and from 450 to 460 in urban at all India level. In
the revised series, 11 new priced items have also been added, without dropping
any item, in rural sector at all India level. In case of urban, 7 priced items
have been dropped and 17 new priced items have been added.
Source : PTI
