The National Statistical Office (NSO), part of the Ministry of Statistics and Programme Implementation (MoSPI), has unveiled the latest data on All India Consumer Price Index (CPI). The figures reveal that Consumer Price Index-based inflation for December reached 5.69%, a slight increase from the 5.55% recorded in November.
The inflation data is collected through personal visits by NSO’s Field Operations Division staff in 1114 urban markets and 1181 villages across all States and Union Territories on a weekly basis. In December 2023, NSO successfully gathered prices from 99.9% of villages and 98.6% of urban markets. The reported prices covered 90.0% for rural areas and 93.7% for urban regions.
Consumer Price Index (CPI) serves as a metric for retail inflation, analyzing fluctuations in prices for common consumer goods and services. The index encompasses a fixed list of items, including food, housing, apparel, electronics, and medical care. The latest data highlights the ongoing dynamics of inflation in the Indian market.
