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What is the latest Cost Inflation Index (CII) value in 2023?

This article shows the latest Cost Inflation Index (CII) value for FY 2023-24. A table of historical values is also available.

What is the latest Cost Inflation Index (CII) value in 2023?


Posted on 13 Apr 2023
Author: Sayan Sircar
5 mins read
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This article shows the latest Cost Inflation Index (CII) value for FY 2023-24. A table of historical values is also available.

What is the latest Cost Inflation Index (CII) value in 2023?

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Understanding the Cost Inflation Index

The Cost Inflation Index (CII) is a number published by the Central Board of Direct Taxes (CBDT) for every financial year that is used to calculate capital gains on selling a capital asset like real estate, mutual funds, stocks or bonds.

The CII figure is published at the beginning of every financial year. It is used to rebase the purchase price of a capital asset, utilising the concept of indexation.

The CII figure may be taken as a proxy for inflation. To understand how CII models inflation, have a look at how the value of ₹1,000 has changed over the years as per CII changes.

What is the latest value of the Cost Inflation Index (CII)?

The Cost Inflation Index (CII) for FY 2024-25 (AY 2025-26) is 363. The index has increased by 4.31%.

Older CII values, to be used for assets purchased before 2001, are here: What are the historical Cost Inflation Index (CII) values since 1981?.

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What is the value of ₹1000 today as per the latest CII value?

The value of something that cost ₹1000 in FY 2001-02 would be around ₹ 3630 today.

Since the index started in FY 2001-02, we can think that the value of the Rupee has steadily decreased as per the change in the CII index. If the value of something was ₹100 when CII was 200, then that item should cost around ₹150 when CII rises to 300 (150 = 100 * 300/200). This is of course an approximation. The actual increase would depend on the product and the time period considered.

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Historical Cost Inflation Index (CII) table

Serial # Financial Year CII %ch Worth of ₹1000
1 2001-02 100 0.00% 1000
2 2002-03 105 5.00% 952
3 2003-04 109 3.81% 917
4 2004-05 113 3.67% 885
5 2005-06 117 3.54% 855
6 2006-07 122 4.27% 820
7 2007-08 129 5.74% 775
8 2008-09 137 6.20% 730
9 2009-10 148 8.03% 676
10 2010-11 167 12.84% 599
11 2011-12 184 10.18% 543
12 2012-13 200 8.70% 500
13 2013-14 220 10.00% 455
14 2014-15 240 9.09% 417
15 2015-16 254 5.83% 394
16 2016-17 264 3.94% 379
17 2017-18 272 3.03% 368
18 2018-19 280 2.94% 357
19 2019-20 289 3.21% 346
20 2020-21 301 4.15% 332
21 2021-22 317 5.32% 315
22 2022-23 331 4.42% 302
23 2023-24 348 5.14% 287
24 2024-25 363 4.31% 275

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Using the CII for calculating capital gains

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Indexed purchase price calculation using CII table

As the above table shows, it is easy to calculate the indexed purchase price. In the table above, an asset purchased in FY 2008-09 (CII = 137) and being sold in FY 2017-18 (CII = 272), will have an indexed purchase price of ₹198.54.

We have covered capital gain calculation using CII in detail here: How to use the Cost Inflation index (CII): latest value and historical rates.

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This post titled What is the latest Cost Inflation Index (CII) value in 2023? first appeared on 13 Apr 2023 at https://arthgyaan.com


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