Consumer Price Index (CPI) – Types & Sources

Authors

  • Mohammad Ghodke Indian Institute of Medical Science and Research Medical College, Badnapur, Jalna, Maharashtra https://orcid.org/0000-0002-1111-1246
  • Purushottam Giri Indian Institute of Medical Science and Research Medical College

DOI:

https://doi.org/10.47203/IJCH.2023.v35i04.020

Keywords:

Consumer Price Index (CPI), Costs and Cost Analysis, Inflation, Economic

Abstract

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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References

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.

www.labourbureaunew.gov.in (Press release section)

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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Published

2023-12-31

How to Cite

1.
Ghodke M, Giri P. Consumer Price Index (CPI) – Types & Sources. Indian J Community Health [Internet]. 2023 Dec. 31 [cited 2024 Jul. 24];35(4):520-5. Available from: https://www.iapsmupuk.org/journal/index.php/IJCH/article/view/2695

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Section

Short Article

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