Consumer Price Index (CPI) – Types & Sources
DOI:
https://doi.org/10.47203/IJCH.2023.v35i04.020Keywords:
Consumer Price Index (CPI), Costs and Cost Analysis, Inflation, EconomicAbstract
The consumer price index is an important parameter to measure inflation. It reflects the relative changes in the prices of goods and services and its effect on inflation. These changes affect the real purchasing power of consumers and their welfare. It is used for regulation of wages, calculation of dearness allowance for workers and employees and for policy formations. Consumer price indices are of different types. Each type has its own significance. It is often difficult to identify the sources of consumer price indices and their specific uses.
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Consumer Price Index Changes in the Revised Series, Ministry of Statistics and Programme Implementation Central Statistics Office National Accounts Division Prices and Cost of Living Unit 2015.
Drishti IAS. Mind maps for UPSC-Inflation: Meaning, Type and Impact (Economy)Video.
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Report on New Series of Consumer Price Index for Industrial Workers (CPI-IW) (Base 2016 = 100), Government of India Ministry of Labour & Employment Labour Bureau.
Consumer price index manual: concepts and methods, International Monetary Fund, Publication Services.2020.
www.labourbureaunew.gov.in (Schemes section)
www.mospi.gov.in [Press release section]
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Copyright (c) 2023 Mohammad Ghodke Mohammad, Purushottam Giri
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
