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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.
The Central Statistics Office (CSO) is a governmental agency in India under the Ministry of Statistics and Programme Implementation responsible for co-ordination of statistical activities in India, and evolving and maintaining statistical standards. It has a Graphical Unit.
From February 2011 the CPI (UNME) released by CSO is replaced as CPI (urban),CPI (rural) and CPI (combined). [18] Consumer Price Index is used in calculation of Dearness Allowance [19] which forms an integral part of salary of a Government Employee.Base year to calculate CPI is 2012=100.
The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 3% over the prior year in January, an uptick from December's 2.9% annual gain in prices.
Inflation is a hot topic of conversation. Consumers are digging even deeper into their pockets for everything from groceries to rent or mortgage payments. While we can’t promise an easy solution ...
Consumer Price Index for Americans 62 years of age and older (R-CPI-E): This index re-weights prices from the CPI-U data to track spending for households with at least one consumer age 62 or older.
It was created through a resolution of Government of India. One autonomous Institute, viz., Indian Statistical Institute declared as an Institute of National Importance by an act of Parliament. The Ministry of Statistics and Programme Implementation attaches considerable importance to coverage and quality aspects of statistics released in the ...
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 ...