Govt revises base year for CPI-IW, adds weight to housing, education, health1 min read . Updated: 22 Oct 2020, 02:04 PM IST
- Following the change in base year, the index will give 39% weight to food and beverage consumption of workers now as against 46.2%
NEW DELHI: The labour ministry has revised the base year of the Consumer Price Index-Industrial Workers (CPI-IW) from 2001 to 2016, giving more weight to spending on housing, education and health in inflation index calculation.
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