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

  1. 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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Indian Economy