By - Rani S
The Secretary, Ministry of Statistics & Programme Implementation, Dr. Saurabh Garg addressing a press conference on release of Consumer Price Index (CPI) Data - Base Year: 2024, in New Delhi. The event saw the speakers share various data regarding the Consumer Price Index
What is Consumer Price Index: In general terms, CPI is a measure of the average change over time in prices paid by households for a basket of goods and services, acting as a crucial indicator of inflation and cost-of-living changes.
CPI is essential for informing monetary policy, adjusting wages/benefits, evaluating economic health, and guiding investment decisions.