India will undertake another survey of family consumption as well as goods and brands at retailers to get a complete picture of domestic spending before adjusting the consumer price index (CPI), the news agency Reuters reported.
The government revealed the preliminary findings of the 2022/23 household consumption expenditure survey, the first in more than a decade, over the weekend, revealing that the percentage of food in household expenditures had decreased significantly.
The findings might lead to a fall in the weighting of food in the CPI, which the central bank uses to guide monetary policy.
