Measurement Of Inflation
Measurement Of Inflation In India
A. Consumer Price Index
Two Ministries - Ministry of Statistics and Program me Implementation (MOSPI) and Ministry of Labor and Employment (MOLE) are engaged in the construction of different CPls for different groups/sectors. CPI inflation is also called as retail inflation as the prices are quoted from retailers. Following are the various CPls.
(a) CPI for all India or CPI combined
(b) CPI for Agricultural Laborers (AL)
(c) CPI for Rural Laborers (RL); and
(d) CPI for Industrial Workers (IW)
(i) CPI by MOSPI (CSO)
(ii) CPIs by MOLE (Labor Bureau)
What is the difference between the various CPIs?
Difference between the various CPIs is not just that they measure price level changes for different sectors or groups In addition to such a sector specific price level measurement; these indices different in terms of their geographical coverage, commodities included, weights assigned to the different commodity groups and the base year on the basis of which price level changes are compared.
The Wholesale Price Index (WPI)
| Different Price in India | ||
| Index | Agency | Base Year |
| WPI | Office of Economic Affairs, Ministry of Commerce and Industries (MOCI) | 2004 - 05 |
| CPI | All India, CPI Urban and Rural CSO, Ministry of Statistics and Program me Implementation (MOSPI) | 2012 |
| CPI-AL | Labor Bureau, Ministry of Labour and Employment (MOLE) | 1986 - 87 |
| CPI-RL | 1986 - 87 | |
| CPI-IW | 2001 | |
To combat rising inflation, RBI has to do which of the following activities ? | |||
| Right Option : D | |||
| View Explanation | |||
Students / Parents Reviews [20]
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Yatharthi Sharma
10thAbout Abhyas metholodology the teachers are very nice and hardworking toward students.The Centre Head Mrs Anu Sethi is also a brilliant teacher.Abhyas has taught me how to overcome problems and has always taken my doubts and suppoeted me.
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7thIt has a great methodology. Students here can get analysis to their test quickly.We can learn easily through PPTs and the testing methods are good. We know that where we have to practice
Barkha Arora
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Prisha Gupta
8thAbhyas institute is one of the best coaching institute in the vicinity of Ambala cantt.The institute provides good and quality education to the students.The teachers are well experienced and are very helpful in solving the problems. The major advantages of the institute is extra classes for weak...
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Cheshta
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Hiya Gupta
8thThird consective year,my ward is in Abhyas with nice experience of admin and transport support.Educational standard of the institute recumbent at satisfactory level. One thing would live to bring in notice that last year study books was distributed after half of the session was over,though study ...
Ayan Ghosh
8thWhen I have not joined Abhyas Academy, my skills of solving maths problems were not clear. But, after joining it, my skills have been developed and my concepts of science and SST are very well. I also came to know about other subjects such as vedic maths and reasoning.
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Yogansh Nyasi
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Archit Segal
7thThe experience was nice. I studied here for three years and saw a tremendous change in myself. I started liking subjects like English and SST which earlier I ran from. Extra knowledge gave me confidence to overcome competitive exams. One of the best institutes for secondary education.
Aman Kumar Shrivastava
10thMy experience was very good with Abhyas academy. I am studying here from 6th class and I am satisfied by its results in my life. I improved a lot here ahead of school syllabus.
Ayan Ghosh
8thAbhyas Methodology is very good. It is based on according to student and each child manages accordingly to its properly. Methodology has improved the abilities of students to shine them in future.
Manish Kumar
10thIn terms of methodology I want to say that institute provides expert guidence and results oriented monitering supplements by requsite study material along with regular tests which help the students to improve their education skills.The techniques of providing education helps the students to asses...
Aman Kumar Shrivastava
10thAbhyas institute is one of the best coaching institute in the vicinity of Ambala Cantt area. The teachers of the institute are well experienced and very helpful in solving the problems of the students.The good thing of the institute is that it is providing extra classes for the students who are w...
