INSUBCONTINENT EXCLUSIVE:
It was suggested that the release time of indices may be changed to provide sufficient time for analysis by users on the same day | (Photo:
Shutterstock)2 min read Last Updated : Sep 25 2024 | 1:48 PM IST
The country should hold frequent surveys on household consumption
expenditure to ensure the latest information for base revision of Consumer Price Index (CPI) and other macroeconomic indicators, economists
and forecasters suggested at a conference organised by the statistics ministry.
The conference, organised by the Ministry of Statistics and
Programme Implementation in Mumbai on Wednesday, was joined by more than 50 forecasters and economists of various organisations
It was attended by Chief Economic Advisor V Anantha Nageswaran; Ajay Seth, secretary in the department of economic affairs, Nilesh Shah,
emerging [in the conference], frequent Household Consumption Expenditure Surveys may be conducted to ensure frequent base revision of
of better coverage of services in the revised series of CPI may be explored
Employer-provided dwellings may be excluded from CPI to ensure consistency in the data
The methodology for compilation of Housing index may be re-visited
Requests for frequent such interactions, to understand the methodologies of data collection of education, health services and data for
dis-aggregations like urban /rural, district domestic product, along with having a uniform understanding of core inflation for which the
statistics ministry may explore compilation of core inflation
It was suggested that the release time of indices may be changed to provide
sufficient time for analysis by users on the same day.First Published: Sep 25 2024 | 1:48 PMIST
