Business Standard

Sunday, December 22, 2024 | 12:03 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Quality and credibility problems of govt data

The problems with the NSSO survey, now a part of the CSO, is that it has failed to keep pace with the changing times

Quality and credibility problems of  govt data
Premium

Soumya Kanti Ghosh New Delhi
The leaked Consumer Expenditure Survey (CES) has once again highlighted the importance of statistical data. In this context, I would like to highlight the perennial issues associated with the consumer price index (CPI) data that is used as a policy input by the Reserve Bank of India (RBI) for inflation targeting. 

In January 2015, the Central Statistics Office (CSO) revised the base year of CPI to 2012 (from 2010=100). The weighting pattern of the revised series was based on the 2011-12 CES of the National Sample Survey Office (NSSO). The weight for food and beverages in CPI was taken as 45.86
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in