Govt to go beyond roti, kapdaa, makaan, to track item-level data across states in new CPI series

The government is poised to introduce a revamped Consumer Price Index (CPI) series by early 2026, aiming to provide a more detailed view of consumer spending patterns across India. This initiative will track item-level data for both rural and urban consumers, moving beyond the traditional focus on basic necessities like food, clothing, and housing. By capturing a broader spectrum of expenditures, the new CPI series seeks to offer a more comprehensive understanding of inflation trends and their impact on different demographics. Officials say this granular approach will facilitate more informed policy decisions, as it allows for a nuanced analysis of price changes across various goods and services. The inclusion of item-level data will enable the government to monitor regional disparities and consumption habits more effectively, helping to tailor economic policies to the diverse needs of the population. This shift is expected to enhance the accuracy and relevance of inflation measurement, providing a clearer picture of the economic landscape. The updated CPI series is part of a broader effort to modernize statistical systems in India, reflecting the dynamic nature of consumer preferences and market conditions. By incorporating data from both rural and urban areas, the government hopes to bridge the gap between different economic segments, ensuring that growth strategies are inclusive and equitable. As the launch date approaches, stakeholders anticipate that this initiative will play a crucial role in shaping future economic policies and addressing the challenges of an evolving economy.

— Authored by Next24 Live