Food & Consumer Affairs Minister launches version 4.0 of Price Monitoring System (PMS) Mobile App

Price Monitoring System (PMS) App

Overview:

Launched by the Price Monitoring Division (PMD), Department of Consumer Affairs in 2021.

Reports daily prices of selected essential commodities.

Source of Price Data:

Retail and wholesale prices from 550 centers.

Data received from State Civil Supplies Departments via Mobile App.

Commodities Monitored:

Initially: 22 essential commodities (Rice, Wheat, Atta, various Dals, Sugar, Oils, Tea, Milk, Potato, Onion, Tomato, Salt).

Newly added: 16 items (Bajra, Jowar, Ragi, Suji, Maida, Besan, Ghee, Butter, Brinjal, Egg, Black Pepper, Coriander, Cumin seed, Red chillies, Turmeric powder, Banana).

Total: 38 commodities, constituting close to 31% of CPI weights.

Significance:

Provides advance inputs for policy decisions for Government, RBI, and analysts.

Helps in monitoring and managing CPI inflation.