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Other Indices Involved in Inflation
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This unit comprises one more fascinating topic related to inflation. In this unit, one will learn and understand the concepts of product price index. Then Ayussh explains one about the real estate price index where one will come across the importance of tracking residential house prices and much more. Lastly, he also describes the inflation targeting​.

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
why time has deflated in many of the videos?
I will definitely contribute once I clear my exams. It will be my first attempt in 2019. Hope so I will contribute in 2020.
MEASURE OF INFLATION BASE YEAR FREQUENCY TIME LAG COMPUTED BY 1.WPI 2011-12 MONTHLY ONE MONTH Economic Adviser in (D.I.P.P) under the ministry of commerce and industry 2.CPI(UNME) 1984-85 MONTHLY 2 WEEKS C.S.O UNDER MINISTRY OF STATISTICS AND PROGRAM IMPLEMENTATION 3.CPI(IW) 2001 MONTHLY ONE MONTH Labour bureau 4.CPI(AL) 1986-87 MONTHLY 3 WEEKS Labour bureau 5.CPI(RL) 1983 MONTHLY 3 WEEKS Labour bureau 6.CPI(URBAN) 2012 MONTHLY MONTHLY C.S.O UNDER MINISTRY OF STATISTICS AND PROGRAM IMPLEMENTATION 7.CPI(RURAL) 2012 MONTHLY MONTHLY C.S.O UNDER MINISTRY OF STATISTICS AND PROGRAM IMPLEMENTATION 8.CPI(URBAN +RURAL) 2012 MONTHLY MONTHLY C.S.O UNDER MINISTRY OF STATISTICS AND PROGRAM IMPLEMENTATION
Ayussh Sanghi
3 years ago
Great effort. I urge all candidates to learn the above mentioned details by Bhupesh. It will be helpful for PT.
Soorya Paryayan
2 years ago
Thank you Bhupesh for this. When was WPI base year changed to 2011-12 from 2004-05?Any idea?
JK
Jasmeet Kaur
2 years ago
Thanks bhupesh
JK
Jasmeet Kaur
2 years ago
Thanks bhupesh
some info below is incorrect ..refer this http://mospi.nic.in/112-national-consumer-price-index-numbers
  1. Inflation BY AYUSSH SANGHI Other Indices er Indices -Part 4. Part 4.12


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


  3. Producer Price Index It measures price change from producers' perspective as against the Consumer Price Index (CPI), which measures price change from consumers' perspective. . In the 21st century many countries have switched over to PPI ntury many countries have switched over to PP from WPI.


  4. Producer Price Index In PPI: Only basic prices are used for compilation, . while taxes, trade margins and transport costs are excluded. PPI is considered to be a better measure of inflation as price changes at crude and intermediate stages can be tracked before it creeps into the finished goods stage.


  5. Real Estate Price Index Fast urbanisation & Rapid economic growth, experienced by the urban centres has resulted in an unprecedented increase in property values.


  6. Real Estate Price Index Why to track the movement of residential House Prices? It's important to facilitate supply of affordable housing to people. Necessity of designing a right mix of policy initiatives to encourage property acquisition. Necessty of designing a right mix of policy initiatives to


  7. Real Estate Price Index Why to track the movement of Residential House Prices? The real estate asset is an important component of the wealth of the private sector and financial freedom allowed for acquiring this wealth.


  8. Real Estate Price Index Why to track the movement of residential House Prices? The financial intermediaries lend for residential houses. . The authentic data on the real estate sector, development of a credible database on market driven price trends and price index of market . price index of market-segments have emerged as a crucial elements of market development.


  9. Real Estate Price Index Why to track the movement of residential House Prices? . Example of Index: NHB RESIDEX is an index of the National Housing Bank (NHB) to provide an index of residential prices in India across cities and over time. It launched RESIDEX for tracking prices of residential properties in India.


  10. INFLATION TARGETTING .It means that central bank of a country targets to contain inflation at a certain level or between a certain range and uses its monetary policy to achieve that target within a particular time frame. . After Urjit Patel Panel Report, there is increasing debate on the role of inflation targeting as a framework for implementing monetary policy Some countries have adopted point targets, while others are following a more flexible approach on targeting inflation within a band