Current Affairs · Economic Indices

Consider the following features related to the proposed Consumer Price Index (CPI) series framework by MoSPI: I. The updated CPI series updates its base using the Household Consumption Expenditure Survey (HCES). II. It aligns with the international standard Classification of Individual Consumption According to Purpose (COICOP). III. The total commodity count covered under the market basket expands relative to the historical 2011–12 baseline. IV. The revised matrix heavily increases food weight explicitly due to recent structural commodity inflation. V. MoSPI mandates item-level factor weight disclosures prior to broad inflation indices releases. How many of the above statements are correct?