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Factors Involved in Measuring Inflation Part 3
3 years ago
Computed by - WPI by the Office of the Economic Adviser in Ministry of commerce & Industry, GOI. 1. Consumer Price Indices (CPI) released at national level are: I. CPI for Industrial Workers (IW) by the Labour Bureau in the Ministry of Labour and Employment. II. CPI for Agricultural Labourers (AL) / Rural Labourers (RL) by the Labour Bureau in the Ministry of Labour and Employment. III. Consumer Price Index for Urban Non - Manual Employees, CPI (UNME) by Central Statistics Office (CSO) in the Ministry of Statistics and Programme Implementation. IV. CPI (Rural/Urban/Combined) by Central Statistics Office (CSO) in the Ministry of Statistics and Programme Implementation. Release basis - WPI 1. Earlier released on weekly basis for Primary Articles and Fuel Group. 2. Since 2012, this practice has been discontinued. Currently, WPI is released monthly. So 12 WPIs in a year. CPI 1. Monthly basis: for urban, rural, all India. 2. Annual: with lag of one month. 3. State/UT’s separate CPIs released only if they provide 80% of the necessary data. Base year WPI Current WPI Base year is 2004-05 = 100. CPI 2012 currently. This is one reason for increasing difference between CPI and WPI in recent times.