Ministry of Statistics and Programme Implementation (MoSPI) resets base years for CPI, GDP, and IIP

Key facts

• The Ministry of Statistics and Programme Implementation (MoSPI) will release a new series of Consumer Price Index (CPI) data with the base year 2024=100 on February 12, 2026.
• MoSPI will roll out revised National Accounts data using 2022-23 as the base year on February 27, 2026.
• The new Index of Industrial Production (IIP) series, featuring 2022-23 as the base year, is scheduled for release on May 28, 2026.
• MoSPI convened a pre-release consultative workshop to discuss proposed methodological and structural changes in the revised data series with stakeholders.
• The revision process involves key officials including NITI Aayog Vice Chairman Suman K Bery, Chief Economic Advisor V Anantha Nageswaran, and MoSPI Secretary Saurabh Garg.