Consumer Food Price Index (CFPI)

Context: India’s retail inflation rate in February remained stable at 5.09%, with a slight increase in food prices to 8.66%, up from January’s 8.3%.

More in News

• The surge in food prices was led by a significant rise in vegetable prices, which increased by 30.25%, the highest rate in seven months.
• In urban areas, inflation specific to food, as tracked by the Consumer Food Price Index (CFPI), rose from 9% in January to 9.2%.
• Rural regions saw inflation increase to 8.2% in February from 7.9% in January, indicating a higher inflationary trend compared to urban areas.

• Despite these variations, overall rural retail inflation remained steady at 5.34%, whereas urban inflation showed a minor decrease from 4.9% to 4.8%.
• Forecasts by most economists suggest that inflation is likely to remain within the range of 5.1% to 5.2% in March.

We’re now on WhatsApp. Click to Join

About Consumer Food Price Index (CFPI)

• Definition: The Consumer Food Price Index (CFPI) tracks the variation in retail prices of food items consumed by a specific group of people in a particular region, relative to a base year.
• Released by: The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation (MOSPI).
• Categories: Rural, Urban, and Combined (All India).
• Frequency: Calculated monthly.
• Base Year: 2012 (revised from 2010 in January 2015).
• Methodology: Similar to Consumer Price Index (CPI).

Sharing is caring!