Amazon, Flipkart data to help govt assess inflation

Statistics ministry to overhaul the way retail inflation data is collected and measured

- DIPAK MONDAL @New Delhi

IN a bid to make the official retail inflation data more updated and cognizant of the changes in household consumption patterns, the government is planning to effect major changes to the way the data is captured and measured.

As part of the overhaul, the Ministry of Statistics and Programme Implementation (MoSPI), which publishes inflation data, will source data directly from e-commerce platforms such as Amazon and Flipkart. The ministry will also update the inflation basket and base year.