Life In India Is Now Twice As Expensive As 2012
The Consumer Price Index shows that compared to 2012, the prices of goods and services have almost doubled in 2026.
Prices in 2026 are almost twice as much compared to 2012.
Yearly Consumer Price Index calculated by averaging the General Index values from April to March. Base 2012.
Source: MoSPI
Rough Copy by thatgurjot
Ministry of Statistics and Programme Implementation (MoSPI) publishes a monthly Consumer Price Index (CPI) for various categories such as food and beverages, clothing and footwear, housing, fuel and light etc. A General Index covers all the groups.
MoSPI defines CPI as follows:
Consumer Price Index (CPI) is designed to measure the changes over time in the general level of retail prices of selected goods and services that households purchase for the purpose of consumption. CPI numbers are widely used as a macroeconomic indicator of inflation, and also as a tool by government and central banks for targeting inflation and monitoring price stability. CPI is also used as deflators in the National Accounts. Therefore, CPI is considered as one of the most important economic indicators.
I wonder how it compares to other countries over the same time period.