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In India, a total of 697 commodities data on price level is tracked through WPI which is an indicator of movement in prices of commodities in all trade and transactions. It is also the price index which is available on a weekly basis with the shortest possible time lag only two weeks. [17] Base year to calculate WPI is 2011-2012=100
Inflation rates in India are usually quoted as changes in the Consumer Price Index (CPI), for all commodities. Many developing countries use changes in the consumer price index (CPI) as their central measure of inflation. In India, CPI (combined) is declared as the new standard for measuring inflation (April 2014). [2]
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 ...
The CSO was set up in the cabinet secretariat on 2 May 1951 as a part of the cabinet Secretariat and having co-ordinating and advisory functions. At that time the name of CSO was Central Statistical Institute. In 1954 the CSI merged with CSO and the new name was Central Statistical Organization.
A price index (plural: "price indices" or "price indexes") is a normalized average (typically a weighted average) of price relatives for a given class of goods or services in a given region, during a given interval of time.
The document is the Ministry's view [clarification needed] on the state of the economy of the country. This document of the Ministry, the Economic Survey of India reviews the developments in the Indian economy over the past financial year, summarizes the performance on major development programs, and highlights the policy initiatives of the government and the prospects of the economy in the ...
C Series Index; Christmas Price Index; Collectible market index; Consumer price index; Consumer price index (Belgium) Consumer price index (South Africa) Consumer Price Index (United Kingdom) Consumer price index by country; Cost-of-living index
Cabinet Committee (India) are the extra constitutional highest decision making authorities [1] formed to reduce the workload of cabinet ministers [2] and facilitates intense examination of issues relating to policies and helping in effective coordination.