Recent changes in CPI

In 2011 the CSO brought out a revised CPI, which was CPI (Urban), CPI (Rural) and CPI (Urban + Rural) with 2010 as the base price. CSO revised the base year of this newly set up index to 2012 in January 2015. The number of items in CPI basket include 448 in rural and 460 in urban. Thus, it makes it clear that CPI basket is broader than WPI basket. The weight of different groups in revised CPI-rural, CPI-urban, and CPI-combined is depicted below: