The new Consumer Price Index released in February 2026 has its weights based on which survey?

The Periodic Labour Force Survey 2023-24Correct answerYour answerThe Household Consumption Expenditure Survey 2023-24Correct answerYour answerCensus 2011Correct answerYour answerThe National Family Health Survey-5Correct answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

The basket and weights come from the Household Consumption Expenditure Survey 2023-24.
What households actually buy decides what goes into a price index and how much it counts.

Concept: Basis of CPI 2024
Typical timeTypical: 50 s
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Written from: pib.gov.in

The new Consumer Price Index released in February 2026 has its weights based on which survey?

Explanation