Скачать или смотреть India's CPI Crisis: Why the Urgent Need for an Update?

The latest retail inflation data has revealed a shocking truth about India's Consumer Price Index (CPI). While the overall inflation rate seems to have dropped to an all-time low, it's a statistical anomaly caused by a high base year. The food and beverages category, with a significant weightage, saw a drastic fall in prices, but this doesn't reflect the reality of rising vegetable prices. The CPI's outdated base year and inaccurate weightages are causing a disconnect with the public's perception of inflation. The RBI's Monetary Policy Committee relies on the CPI for interest rate decisions, making an accurate measure crucial. With the next meeting in December, the pressure is on for a new CPI series to be released soon. Join us as we delve into the urgent need for an update and its potential impact on India's economy.