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It reflects consumers' perception of the prevailing and expected employment situation in India. It is a strong indicator of the prospects of the services sector. Inflation Sentiment Index. Current and expected sentiment on interest rates; Current and expected level of prices of all goods on average; It tracks price increases felt and expected ...
In India, CPI (combined) is declared as the new standard for measuring inflation (April 2014). [2] CPI numbers are typically measured monthly, and with a significant lag, making them unsuitable for policy use. India uses changes in the CPI to measure its rate of inflation. The WPI measures the price of a representative basket of wholesale goods.
Wholesale Price Index (WPI) WPI first published in 1902, and was one of the more economic indicators available to policy makers until it was replaced by most developed countries by the Consumer Price Index in the 1970s. WPI is the index that is used to measure the change in the average price level of goods traded in wholesale market.
“If the CPI also comes in above expectations, the interest rate picture may be thrown into doubt…more hot inflation data could make the debate about whether 2024 will contain even a single cut.”
The Consumer Price Index (CPI) revealed headline inflation rose 0.1% over last month and 4% over the prior year in May, a slowdown from April's 0.4% month-over-month increase and 4.9% annual gain.
Meanwhile, weekly jobless claims edged up 33,000 to 258,000, according to Labor Department data released Thursday. That number marks its highest level in over a year and outpaced forecasts of 230,000.
A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...
Inflation, as measured by the consumer price index (CPI), rose 3.5% from a year ago in March, the Bureau of Labor Statistics reported Wednesday. The figure topped economists’ consensus forecast ...