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Factors Involved in Measuring Inflation Part 4
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This lesson concentrates and discusses mainly the new CPI indices which are involved in the measurement of inflation. Ayussh also gives information on the analysis of inflation in India. Analysis of inflation​ of short term, mid term and long term is highlighted.

Ayussh Sanghi is teaching live on Unacademy Plus

Ayussh Sanghi
Passionate Educator - CSE / Other Govt Exams [Peep into my Unacademy Plus Courses & experience awesome learning.]

U
Unacademy user
Nice work.. Keep going 😁
Tasneem
a year ago
Thanks
There are four series, viz the CPI UNME (Urban Non-Manual Employee), CPI AL (Agricultural Labourer), CPI RL (Rural Labourer)and CPI IW (Industrial Worker). While the CPI UNME series is published by the Central Statistical Organisation, the others are published by the Department of Labour (Source-Wikipedia)
Thank you Sir........................ Thanks to unacademy.................................
I am so satisfied with this lesson.Please Watch the below link after completing this lecture since you can get reflections of the above video from this interview,in which Dr.Raghuramrajan and the Chief Economic Advisor to India had discussed regarding the CPI and WPI and choosing the right one among them in framing up the monetary policy ....https://www.youtube.com/watch?v=n3bAY-yYgBg&feature=youtu.be
Nikhil John
3 years ago
Thanks. That is a good interview
Sv
Sree Sambavi v
2 years ago
Thanks for your link. The interview is informative..
Thank you.
superb.....Sir please make more videos on UPSC prelims & mains
  1. Inflation BY AYUSSH SANGHI How to measure Inflation and Analysis? - Part 4.11


  2. ABOUT ME >Passionate about Teaching >Taught at most reputed Civil Services Institutes >CA, Lawyer Follow me on: https://unacademy.in/user/ AyusshSanghi


  3. New CPI Indices . Policy makers have gradually shifted from CPI (Old) indices to the use of CPI for measuring inflation in conformity with the global practice. In this regard, a new CPI was launched in February 2011 called CPI (New) with base year 2010.


  4. New CPI Indices . CPI (New) is the average of CPI (Rural) and CPI (Urban), which is also prepared separately. Hence we have 3 new indices CPI (Urban) CPI (Rural) CPI (Combined)


  5. Analysis of Inflation in India Analysis of Inflation in In . India's inflation has the following charateristics: structural and monetary phenomenon


  6. Analysis of Inflation in India - In the Short Term The localised demand - supply imbalances are seen in wage goods, often due to seasonal variations in production - coupled with market rigidities and regulatory failures have supported inflationary expectations that have resulted in a more widespread impact on the consumers than the initial inflationary impulse


  7. Analysis of Inflation in India - In the Medium/Long Run The movement and outcome of monetary aggregates such as the money supply and interest rates of the financial system have influenced aggregate demand and consequently changes in price levels in the economy. The latter consideration and the influence of global commodity prices on the domestic prices have become more important with the opening and growing integration of the economy with the rest of the world