New Delhi: The government on Saturday said it is conducting the base revision of the Consumer Price Index (CPI), as it released discussion paper 2.0 on the treatment of free PDS items in the CPI compilation. The process includes enhancing coverage of price collection, refining existing methodologies, exploring new data sources and effective use of modern technology in the price collection and index compilation. The proposed methodology in the discussion paper 2.0 is designed by MoSPI after incorporating suggestions and feedback received during above mentioned interactions. The ministry is inviting views and comments from experts, academicians, government bodies, state governments, financial institutions and other stakeholders on the Discussion paper 2.0 on treatment of free PDS items in the CPI compilation framework. The inflation rate is well within the RBI’s target rate of 4 per cent, which allows the central bank to continue with the soft money policy to spur growth.