Tracking inflation: MoSPI in talks to include ecommerce data in CPI
ecommerce data in the new Consumer Price Index (CPI). The Ministry of Statistics and Programme Implementation (MoSPI) has begun inter-ministerial discussions and talks with ecommerce companies on the best way of implementing the addition so that retail inflation data better reflects changing consumer spending patterns. The revised series is scheduled for release early next year.
Trump-Modi Meet
The mega MIGA, MAGA plans of India's Modi and US' Trump
Trump says India has more tariffs than others
Trump's 'golden rule' for imposing reciprocal tariffs
MoSPI is in talks with the Department for Promotion of Industry and Internal Trade (DPIIT) and the Ministry of Electronics and Information Technology (MeitY) regarding this inclusion, a senior official told ET. The discussions with ecommerce companies are focused on how the data will be shared without compromising business strategies.
«There should be no negative impact on business and customer privacy,» the official said.
The revised CPI series will have 2024 as the base year, replacing 2012, as reported by ET earlier. The weights of items in the index will be derived from the Household Consumption Expenditure Survey (HCES) 2022-23 (August-July). The CPI currently tracks 299 items across 1,181 rural markets and 1,114 urban ones.
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling Tomorrows Innovations
By — Metla Sudha Sekhar,
