New Delhi: The government on Saturday announced that it is revising the base of the Consumer Price Index (CPI), releasing Discussion Paper 2.0 on the treatment of free Public Distribution System (PDS) items in CPI compilation. The proposed methodology in Discussion Paper 2.0 incorporates suggestions and feedback from these consultations. MoSPI is inviting comments and views from experts, academicians, government bodies, state governments, financial institutions, and other stakeholders on the treatment of free PDS items in CPI compilation. CPI inflation edges up in AugustMeanwhile, India’s inflation rate based on the CPI rose to 2.07 per cent in August, although food prices continued to decline, easing the burden on households. The inflation rate remains well within the RBI’s 4 per cent target, allowing the central bank to continue its accommodative monetary policy to support economic growth.