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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.
"CPI inflation peaked at 9.1% year-on-year last June 2022 and today it is at a new low for the year at 3% year-on-year. The economy is on a safer path today as victory over inflation is in the air.
Since 1996 the United Kingdom has also tracked a Consumer Price Index (CPI) figure, and in December 2003 its inflation target was changed to one based on the CPI [39] normally set at 2%. [40] Both the CPI and the RPI are published monthly by the Office for National Statistics. Some rates are linked to the CPI, others to the RPI.
The current multi-century period is the warmest in the past 100,000 years. [3] The temperature in the years 2011-2020 was 1.09 °C higher than in 1859–1890. The temperature on land rose by 1.59 °C while over the ocean it rose by 0.88 °C. [3] In 2020 the temperature was 1.2 °C above the pre-industrial era. [4]
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.
The Consumer Price Index (CPI) for January showed a 0.5% increase in prices over the past month, an acceleration from the prior reading, government data showed Tuesday. On an annual basis, CPI ...
The economy of India is a developing mixed economy with a notable public sector in strategic sectors. [5] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 141th by GDP (nominal) and 119th by GDP (PPP). [58]
Since May 2024, a severe and long heat wave has impacted India. [1] The heat wave occurred during the Indian dry season, which typically lasts from March to July with peak temperatures in April and May. Rajasthan's Churu recorded 50.5 °C (122.9 °F), which was the highest temperature in India in eight years. [2]