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  • Wpi Caiib 2023

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    Kirankumar
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    The document discusses two key inflation indices in India: 1. The Wholesale Price Index (WPI) measures inflation from the producer's perspective and is published by the Ministry of Commerce and Industry. It uses 2011-12 as its base year. 2. The Consumer Price Index (CPI) measures inflation from the consumer's perspective and is released by the National Statistical Office. It has four types and uses 2012 as its base year, except for industrial workers which uses 2016. The Reserve Bank of India adopted CPI as its key inflation measure in April 2014.

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    WPI CAIIB 2023

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    The document discusses two key inflation indices in India: 1. The Wholesale Price Index (WPI) measures inflation from the producer's perspective and is published by the Ministry of Commerce and Industry. It uses 2011-12 as its base year. 2. The Consumer Price Index (CPI) measures inflation from the consumer's perspective and is released by the National Statistical Office. It has four types and uses 2012 as its base year, except for industrial workers which uses 2016. The Reserve Bank of India adopted CPI as its key inflation measure in April 2014.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    31 views1 page

    Wpi Caiib 2023

    Uploaded by

    Kirankumar
    The document discusses two key inflation indices in India: 1. The Wholesale Price Index (WPI) measures inflation from the producer's perspective and is published by the Ministry of Commerce and Industry. It uses 2011-12 as its base year. 2. The Consumer Price Index (CPI) measures inflation from the consumer's perspective and is released by the National Statistical Office. It has four types and uses 2012 as its base year, except for industrial workers which uses 2016. The Reserve Bank of India adopted CPI as its key inflation measure in April 2014.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 1

    Joi

    nCAI
    IBWI
    THASHOKonYouTube

    Whol
    esal
    ePr
    iceI
    ndex:
     Publ
    ishedbythe Off
    iceofEconomi
    cAdvi
    ser
    , 
    Mini
    str
    yof
    Commer ceandIndustr
    y.
     I
    tist
    he 
    mostwi
    del
    yused 
    inf
    lat
    ioni
    ndi
    cat
    ori
    nIndi
    a.
     Majorcr
    it
    icism f
    orthi
    sindexist
    hatthegener
    alpubl
    icdoes
    notbuyproductsatwholesal
    epr
    ice.
     The 
    baseyearofAl
    l-
    Indi
    aWPI
     hasbeenr
    evi
    sed 
    fr
    om
    2004-
    05t
    o2011-
    12i
    n2017.

    ConsumerPr
    iceI
    ndex:
     Itmeasur
    es 
    pri
    cechangesfrom theperspecti
    veofar
    etai
    l
    buyer
    . 
    Iti
    srel
    easedbythe 
    NationalStati
    sti
    calOf
    fi
    ce(NSO).
     TheCPI  
    hasseveralsub-
    groups 
    incl
    udi
    ngfoodand
    beverages,f
    uelandlight
    ,housi
    ngandclot
    hing,
    beddi
    ngand
    foot
    wear .
     Four
     t
    ypesofCPIar
    easf
    oll
    ows:

    o CPIf
    or 
    Indust
    ri
    alWor
    ker
    s (
    IW)
    .
    o CPIf
    or 
    Agr
    icul
    tur
    alLabour
    er 
    (AL)
    .
    o CPIf
    or 
    Rur
    alLabour
    er 
    (RL)
    .
    o CPI(
    Rur
    al/
    Urban/
    Combi
    ned)
    .
    o Ofthese,t
    hef i
    rst3ar ecompiledbythe Labour
    Bureau 
    intheMi nistr
    yofLabourandEmpl oyment
    .
    t
    h
    4 [CPI(Rural/
    Ur ban/Combined)]i
    scompi ledbyt
    he
    NSOi ntheMinistryofStat
    isti
    csandPr ogramme
    I
    mpl ementati
    on.
     BaseYear 
    forCPIingenerali
    s 2012.
     Howevert
    hebaseyear
    for
     CPIf
    orIndust
    ri
    alWor ker(
    CPI -
    IW)is2016.
     I
    nApri
    l2014,t
    he 
    Reser
    veBankofIndi
    a(RBI
    ) 
    hadadopt
    ed
    t
    heCPIasit
    skeymeasureofi
    nfl
    ati
    on.

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