Govt to clear proposal on monthly inflation data

The government on Monday, is likely to clear a proposal suggesting release of inflation data on monthly basis and not every week for bulk of the items tracked by the Wholesale Price Index (WPI).

The Cabinet Committee on Economic Affairs (CCEA) is expected to take up the Commerce and Industry Ministry’s proposal, which was finalised on the recommendations of a working group headed by Abhijit Sen, Member, Planning Commission. Sources in the Commerce and Industry Ministry said if the proposal is approved by the CCEA, the shift in data release would take place from December.

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