UPSC Prelims Practice Questions — PRESS RELEASE OF CONSUMER PRICE INDEX ON BASE 2024=100 FOR JUNE, 2026

Q1. In the revised Consumer Price Index series on base 2024=100, how many weighted items constitute the all-India item basket?

  • A. 299
  • B. 308
  • C. 358
  • D. 162

Q2. With reference to the base year revision of the Consumer Price Index to 2024=100, consider the following statements: 1. The item weights of the new series are derived from the Household Consumption Expenditure Survey 2023-24. 2. Base-period prices for the new series were collected throughout the calendar year 2024. 3. The 2024=100 series replaced the immediately preceding CPI series that had 2010=100 as its base. 4. The first press release under the new series was issued in February 2026 for the reference month of January 2026. Which of the above is/are NOT correct?

  1. The item weights of the new series are derived from the Household Consumption Expenditure Survey 2023-24.
  2. Base-period prices for the new series were collected throughout the calendar year 2024.
  3. The 2024=100 series replaced the immediately preceding CPI series that had 2010=100 as its base.
  4. The first press release under the new series was issued in February 2026 for the reference month of January 2026.
  • A. 1 and 3
  • B. 3 only
  • C. 2 and 4
  • D. 1, 2 and 4

Q3. The all-India Consumer Price Index (Rural, Urban and Combined) released monthly on base 2024=100 is compiled by which one of the following?

  • A. National Statistical Office, Ministry of Statistics and Programme Implementation
  • B. Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade
  • C. Labour Bureau, Ministry of Labour and Employment
  • D. Department of Economic Affairs, Ministry of Finance

Q4. The very first monthly press release issued under the Consumer Price Index series with base 2024=100 pertained to the data of which reference month?

  • A. December 2025
  • B. January 2026
  • C. February 2026
  • D. April 2026

Q5. Which one of the following best describes the Wholesale Price Index (WPI) as distinguished from the Consumer Price Index (CPI) in India?

  • A. It measures the average change in prices of goods transacted in bulk at the wholesale/producer level, and excludes services in its legacy series
  • B. It measures the average change in retail prices paid by rural and urban households, including imputed rent
  • C. It measures the average change in prices received by farmers for agricultural produce at the mandi level only
  • D. It measures the average change in the cost of a fixed basket of imported and exported goods at port prices

Q6. The revised Wholesale Price Index series on base year 2022-23, released alongside the new Producer Price Indices, was launched under the authority of which body and in which month?

  • A. National Statistical Office, MoSPI — February 2026
  • B. Office of the Economic Adviser, DPIIT — June 2026
  • C. Central Statistics Office, MoSPI — June 2026
  • D. Monetary Policy Department, RBI — April 2026

Q7. With reference to the Consumer Price Index press release (base 2024=100) for June 2026, consider the following statements: 1. The provisional year-on-year headline CPI (Combined) inflation was 4.38 per cent. 2. Rural headline inflation was higher than urban headline inflation. 3. The provisional year-on-year Consumer Food Price Index (Combined) inflation was 5.32 per cent. 4. The provisional year-on-year housing inflation (Combined) was 4.10 per cent. Which of the above is/are NOT correct?

  1. The provisional year-on-year headline CPI (Combined) inflation was 4.38 per cent.
  2. Rural headline inflation was higher than urban headline inflation.
  3. The provisional year-on-year Consumer Food Price Index (Combined) inflation was 5.32 per cent.
  4. The provisional year-on-year housing inflation (Combined) was 4.10 per cent.
  • A. 2 only
  • B. 4 only
  • C. 2 and 4
  • D. 1 and 3

Q8. In the monthly CPI press releases of the National Statistical Office, the term 'Consumer Food Price Index (CFPI)' refers to which one of the following?

  • A. A separate retail price index for food and beverages consumed by households, released for Rural, Urban and Combined segments as a sub-index of the CPI
  • B. The wholesale price index of primary food articles compiled by the Office of the Economic Adviser
  • C. The index of procurement prices paid by the Food Corporation of India for foodgrains
  • D. The food component of the CPI-Industrial Workers series compiled by the Labour Bureau

Q9. Under India's flexible inflation targeting framework, how many members constitute the Monetary Policy Committee of the Reserve Bank of India?

  • A. Four
  • B. Five
  • C. Six
  • D. Seven

Q10. Under the amended Reserve Bank of India Act, the inflation target that anchors India's flexible inflation targeting framework is fixed by which one of the following?

  • A. The Central Government, in consultation with the Reserve Bank of India
  • B. The Monetary Policy Committee of the Reserve Bank of India, by majority vote
  • C. The National Statistical Office, in consultation with the Ministry of Finance
  • D. The NITI Aayog, on the recommendation of the Finance Commission

Q11. Counting the June 2026 release, how many monthly CPI press releases had in total been issued under the base 2024=100 series?

  • A. Four
  • B. Five
  • C. Six
  • D. Eight