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NEW DELHI - India will conduct another survey of household consumption as well as of items and brands at retailers to obtain a comprehensive picture of domestic spending before revising the consumer price index (CPI), two government officials said.. Over the weekend, the government released initial findings of the 2022/23 household consumption expenditure survey, the first in over a decade, showing the share of food in household spending had shrunk substantially...
"The government will wait for the results of the 2023/24 household consumption expenditure survey - conducted between August 2023 and July 2024 - to make changes in the CPI index," said Pronab Sen, the head of a government panel on statistics...
Sen, India's former chief statistician who is heading a panel to review the quality of data, said that before adding new items to the CPI index, a retail market survey would also be required to finalise "representative items and brands"...
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Another household consumption survey likely before revising CPI: Report
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