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]
It was good as the experience because as we had come here we had been improved in a such envirnment created here.Extra is taught which is beneficial for future.
Eshan Arora
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
8thMy experience with Abhyas academy is very good. I did not think that my every subject coming here will be so strong. The main thing is that the online tests had made me learn here more things.
Hiya Gupta
8thMy 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
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...
Aman Kumar Shrivastava
10thThe 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
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...
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Aman Kumar Shrivastava
10thMy experience with Abhyas Academy has been very good. When I was not in Abhyas whenever teacher ask questions I could not speak it confidently but when I came in Abhyas, my speaking skills developed and now I am the first one to give the answer of teachers question.
Upmanyu Sharma
7thWhen 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.
Sharandeep Singh
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Shreya Shrivastava
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Yatharthi Sharma
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Manish Kumar
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Cheshta
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10thMy experience with Abhyas is very good. I have learnt many things here like vedic maths and reasoning also. Teachers here first take our doubts and then there are assignments to verify our weak points.
Shivam Rana
7thUsually we see institutes offering objective based learning which usually causes a lag behind in subjective examinations which is the pattern followed by schools. I think it is really a work of planning to make us students grab the advantages of modes of examination, Objective Subjective and Onli...
Anika Saxena
8thAbhyas is an institute of high repute. Yogansh has taken admission last year. It creates abilities in child to prepare for competitive exams. Students are motivated by living prizes on basis of performance in Abhyas exams. He is satisfied with institute.
