Business Standard

Monday, December 23, 2024 | 01:23 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Mospi announces advancing of release time of IIP, CPI data to 4 pm

The next release of CPI and IIP data for October 2024 will thus be available on November 12 at 4:00 pm on the ministry's official website

On September 24, the Ministry of Statistics and Programme Implementation (Mospi) hosted a conference in Mumbai, bringing together over 50 economists and forecasters from various organisations to discuss the revision of the base year for India’s Gross

The ministry explained that the new release time aligns with the closing hours of major financial markets in India. | Representative Picture

Press Trust of India New Delhi

Listen to This Article

The Ministry of Statistics and Programme Implementation on Tuesday announced the advancing of release time for macroeconomic data Consumer Price Index and Index of Industrial Production by about one and a half hours.

The data on the Consumer Price Index (CPI) and Index of Industrial Production (IIP) are currently released by the Ministry of Statistics and Programme Implementation (Mospi) on the 12th of each month at 5:30 pm (the next working day if the 12th falls on a holiday in case of CPI) and the previous working day (if 12th falls on a holiday in case of IIP), an official statement said.

 

According to the statement, to provide more time on the day of release to access CPI and IIP data, the Mospi has decided to revise the release time for the CPI and IIP from 5.30 pm to 4.00 pm on the 12th of every month (the next working day if the 12th falls on a holiday of CPI) and the previous working day if 12th falls on a holiday, in case of IIP).

The ministry explained that the new release time aligns with the closing hours of major financial markets in India, ensuring that Consumer Price Index (CPI) data dissemination does not interfere with active trading.

This adjustment also adheres to the Mospi's commitment to transparency and accessibility in data dissemination, it stated.

The next release of CPI and IIP data for October 2024 will thus be available on November 12 at 4:00 pm on the ministry's official website, the statement said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 05 2024 | 7:26 PM IST

Explore News