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Urban: Summary Comparison of Base Years For CPI
Urban: Summary Comparison of Base Years For CPI
Urban
No. of Cities 35
No. of Markets 68
No. of Items 356
No. of Commodities 94
No. of Groups 12
Rural
No. of Rural Areas 27
No. of Markets 27
No. of Items 244
Commodity No Commodity No
Number Description Weight . Number Description Weight .
Of Of
Items Items
01 Wheat 0.6120 1 48 Dopatta 0.1713 3
02 Wheat flour 3.0075 3 49 Cleaning and laundring 0.0665 3
03 Wheat products 0.0936 2 50 Footware 1.4816 10
04 Besan 0.0830 1 51 House rent 19.2558 1
05 Rice 1.1804 4 52 Construcion input items 0.3765 7
06 Bakery and confectionary 0.4770 3 53 Construction wage rates 0.2025 5
07 Nimco 0.1224 2 54 Water supply 0.5269 1
08 Meat 2.0411 2 55 Garbage collection 0.1064 1
09 Chicken 1.3631 1 56 Electricity charges 4.5562 6
10 Fish 0.3855 1 57 Gas charges 1.0807 6
11 Milk fresh 7.1070 2 58 Liquified Hydrocarbons 0.5064 1
12 Milk products 0.6407 1 59 Solid Fuel 0.4218 1
13 Milk powder 0.3106 2 60 Furniture and furnishing 0.4750 10
14 Eggs 0.5083 1 61 Carpets 0.0308 1
15 Butter 0.0932 1 62 Household textiles 0.3420 5
16 Mustard oil 0.0120 1 63 Household equipments 1.0032 12
17 Cooking oil 1.1016 1 64 Plastic products 0.0536 2
18 Vegetable ghee 1.0324 2 65 Major tools & equipments 0.0084 1
19 Dry fruits 0.3299 2 66 Washing soap/detergents/match box 1.4112 10
20 Fresh fruits 1.4363 9 67 Household servant 0.7695 1
21 Pulse masoor 0.1624 1 68 Drugs and medicines 1.0735 17
22 Pulse moong 0.1697 1 69 Therapeutic Appliances and Equipments 0.0054 2
23 Pulse mash 0.1152 1 70 Doctor (MBBS) clinic fee 0.4044 2
24 Pulse gram 0.1660 1 71 Dental services 0.0156 2
25 Gram whohe 0.0912 2 72 Medical tests 0.2367 6
26 Beans 0.0408 1 73 Hospitals services 0.5742 2
27 Potatoes 0.4496 2 74 Motor vehicles 0.8097 7
28 Onions 0.5928 1 75 Motor vehicle accessories 0.1941 2
29 Tomatoes 0.3459 1 76 Motor fuel 2.9088 4
30 Fresh vegetables 1.5306 15 77 Mechanical services 0.4290 3
31 Sugar 1.1130 1 78 Motor vehicle tax 0.0482 1
32 Gur 0.0379 1 79 Transport services 1.7470 15
33 Honey 0.1017 1 80 Postal services 0.0190 1
34 Sweetmeat 0.3535 1 81 Communication apparatus 0.4524 1
35 Ice cream 0.1044 1 82 Communication Services 1.8822 3
36 Condiments and Spices 1.3340 11 83 Recreation and culture 0.6478 5
37 Dessert preparation 0.0419 1 84 Text books 0.6655 11
38 Tea 0.8427 1 85 Newspapers 0.0716 4
39 Beverages 0.8906 4 86 stationery 0.3452 5
40 Cigarettes 0.7167 2 87 Education 4.8807 16
41 Pan prepared 0.1373 1 88 Readymade food 5.5235 10
42 Cotton cloth 2.2227 4 89 Marriage Hall Charges 1.7514 2
43 Woolen cloth 0.8361 3 90 Accommodation Services 0.1301 2
44 Readymade garments 1.3196 6 91 Personal Grooming Services 0.8001 3
06 0.3702 3 8.6110 1
2014-15 349.15 395.84 73.01 160.48 76.38 300.96 148.37 590.90 102.25 46.61 33.63 54.27
2015-16 342.29 388.60 63.69 160.58 119.67 315.44 148.91 625.35 92.87 25.82 46.79 52.69
Fiscal Mustar Veget Rock Salt Red Sugar Gur Milk Tea in* Cigarettes Coarse Voil Shoes Gents
Year d Oil a- ble Chilies (Open (Sup. Fresh Packet Pkt Latha Mtr. Printed Concord Bata
Ghee Mark Qlty) Ltr. (Sup.Qlty Mtr.
et) )
250 grams
2014-15 184.02 153.91 9.96 260.30 56.37 82.96 76.00 130.40 45.29 199.84 122.86 699.00
2015-16 179.64 138.22 10.42 273.32 62.30 89.44 77.98 175.73 57.10 202.86 123.21 699.00
Fiscal Firewo Matc Washing Life- Cooke Cooked Rice Masoor Mash Garlic Kg Cooking Vegetable
Year od h Box Soap buoy -d Dal Irri-6 Pulse Kg Pulse Kg Oil Ghee 2.5 Kg
(Kikar/ (40/50 707/555 Soap Beef Plate Kg Dalda
Babul) Sticks Cake Cake Plate 2.5 Ltr
40 Kgs. )
Each
2014-15 564.52 1.71 24.32 36.00 82.66 48.26 52.33 134.12 160.35 137.72 522.43 501.71
2015-16 592.73 1.97 24.68 36.21 86.49 52.08 47.31 145.30 231.53 201.74 458.26 449.68
Cost of Basket
Base Year 2014-15
Name Price Quantity Total
Basmati* Rice 73.01 2kg 146.02
Moong 160.48 1kg 160.48
Pulse
Chicken (Farm) 148.37 1kg 148.37
Garlic Kg 137.72 1kg 137.72
Vegetable Ghee 2.5 Kg 501.71 1 501.71
Masoor Pulse Kg 134.12 1kg 134.12
Total 1228.42
Current Year 2015-16
Name Price Quantity Total
Basmati* Rice 63.69 2kg 127.38
Moong 160.58 1kg 160.58
Pulse
Chicken (Farm) 148.91 1kg 148.91
Garlic Kg 201.74 1kg 201.74
Vegetable Ghee 2.5 Kg 449.68 1 449.68
Masoor Pulse Kg 145.30 1kg 145.30
Total 1233.59
Name Price (base Price Quantity (base Quantity (current NOMINAL REAL GDP
2014-2015) (current2015- year 2014-15) year 2015-16) GDP
2016)
GDP Deflator
GDP Deflator = (Nominal GDP / Real GDP) * 100
=1228.42/4308.01*100
=28.5147
Understate and overstate of values between CPI and GDP deflator
In this case, with a CPI of 100.42 and a GDP deflator of 28.51, it appears that the
CPI is overstating the rate of inflation relative to the GDP deflator. This suggests
that consumer prices are rising faster than the prices of all goods and services in
the economy