CPI base year revision 2024 explained with key facts, exam-focused insights, MCQs, and FAQs for UPSC, SSC, Banking, and other government exam preparation. 📊 Ministry of Statistics Revises Consumer Price Index (CPI) Base Year to 2024 Introduction In a significant move to modernize India’s inflation measurement system, the Ministry of Statistics and Programme Implementation (MoSPI)…
Consumer Price Index (CPI) for October 2024: Key Highlights Overview of the Consumer Price Index (CPI) The Consumer Price Index (CPI) is a crucial economic indicator used to measure the changes in the average prices of a basket of goods and services over time. For October 2024, India’s CPI has shown a notable shift in…
Cabinet Approves 3% DA Hike for Central Government Employees Introduction to the DA Hike Announcement The Union Cabinet has recently approved a 3% increase in the Dearness Allowance (DA) for central government employees and pensioners. This adjustment brings the DA rate from 42% to 45% of the basic pay or pension, aiming to provide relief…
Consumer Price Index for Industrial Workers: 2016=100 (July 2024) Overview of the Consumer Price Index for Industrial Workers The Consumer Price Index for Industrial Workers (CPI-IW) is a crucial economic indicator that reflects the changes in the cost of living for industrial workers. For July 2024, the CPI-IW was recorded at 2016=100, indicating a significant…
Retail Inflation Eases to 5-Year Low of 3.5% in July Overview of the News In July 2024, India’s retail inflation rate dropped to a five-year low of 3.5%, according to recent data released by the Ministry of Statistics and Programme Implementation. This marked a significant decline from previous months, reflecting a favorable shift in the…
Retail Inflation Drops :18-Month Low of 4.70% in April In a positive development for the economy, retail inflation in India witnessed a significant decline, reaching an 18-month low of 4.70% in April. This drop in inflation has brought much-needed relief to policymakers, consumers, and businesses across the country. The decline can be attributed to various…
