(THE GIST OF PIB) Consumer Food Price Index - CPI

(THE GIST OF PIB) Consumer Food Price Index

Consumer Price Index numbers on base 2012=100 for rural, urban and combined for the month of May 2024.

The Consumer Food Price Index (CFPI) is a measure of change in retail prices of food items consumed by the population.
It is a specific measure of inflation that focuses exclusively on the price changes of food items in a consumer’s basket of goods and services.
The CFPI is a sub-component of the broader Consumer Price Index (CPI) and is used by the Reserve Bank of India (RBI) to track inflation.
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation (MOSPI) started releasing CFPI for three categories -rural, urban and combined - separately on an all-India basis with effect from May 2014.
Methodology: Like Consumer Price Index (CPI), the CFPI is also calculated on a monthly basis and the methodology remains the same as CPI.
The base year presently used is 2012.
The CSO has revised the Base Year of the CPI and CFPI from 2010 to 2012 in January 2015