Consumer Price Index (CPI) and Wholesale Price Index (WPI)
Consumer Price Index
Consumers frequently purchase straight from retailers. As a result, the inflation experienced in retail stores is a true reflection of the country's price growth. It also depicts the cost of living more accurately.
- The Consumer Price Index (CPI) is a measure of inflation at the retail level in India (CPI). The CPI is based on 260 commodities, but it also includes some services.
Types of CPI
- Consumer Price Index for Industrial Workers (CPI-IW)
- It attempts to measure changes in the pricing of a given basket of products and services used by Industrial Workers throughout time.
- The target ....
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