Consumer price index Current Affairs, GK & News

Consumer Price Index

CPIs are compiled on the basis of the standards set by International Labour Organization for the member countries. In this context, on the basis of the recommendations made by the International Labor Organization, the Second Commission on Labor and the National Statistical Commission Labor Bureau has shifted the base of CPI-IW from 1982 to 2001. ..

India’s Retail Inflation in December 2021

The retail inflation in India increased to 5.59% in December 2021. This is the highest in the last five months. The inflation data was released by the Ministry of Statistics and Programme Implementation. About the increase in retail inflation The inflation rate is measured by Consumer Price Index. In December 2020, the retail inflation in ..

Month: Current Affairs - January, 2022

Category: Economy & Banking Current Affairs - 2022

Topics: Consumer price index • Consumer Price Index (CPI) • Food Inflation • housing inflation • Inflation • Ministry of Statistics and Programme Implementation • Monetary Policy Committee (MPC) • Reserve Bank of India (RBI)

Emerging economies more vulnerable to big oil price moves: Nomura report

The Japanese financial services major Nomura has analysed the impact of the twin drone attacks which targeted Abqaiq, the site of the largest oil processing plant run by the Saudi state oil company, Aramco, and the Khurais oilfield. The attacks wiped out more than half of Saudi Arabia’s crude supply. The attack has surged the ..

Topics: Consumer price index • Economics • Economy • Inflation • National Energy Program • Price indices • Price of oil • Pricing

CPI-M releases Manifesto for Lok Sabha elections

The CPI-M has proposed a stoppage of mass surveillance which promises to enforce the farmers right to sell their produce at a Minimum Support Price, which is at least 50 per cent higher than the total cost of production. The minimum wage is not to be less than Rs 18,000 per month. This will prevent ..

Topics: Business • Consumer price index • Economy • Labour law • Lok Sabha • Microeconomics • minimum wage • Monopoly • Price indices • Socialism

Retail inflation increases to 2.57% in February 2019

The Central Statistical Office (CSO) has released the data of Inflation for the month of February 2019. The data shows that: Retail inflation was at a four-month high of 2.57 per cent in February 2019 due to costlier food articles. The retail inflation was highest since October 2018 when it stood at 3.38 per cent. ..

Month: Current Affairs - March, 2019

Topics: Central Statistical Office • Consumer price index • CPI • CSO • Food Inflation • Headline inflation • Inflation • Rate Cut • RBI

Producer Price Index (PPI): RBI proposes for PPI to measure inflation

The Governor of RBI, D. Subbarao has mooted for a Producer Price Index (PPI) to measure the average change over time in the sale prices of domestic goods and services. Currently, it uses Consumer Price Index (CPI) and Wholesale Price Index (WPI) to aid in measuring inflation. But WPI does not capture price movements of ..

Month: Current Affairs - July, 2012

Topics: Consumer price index • Economics • Economy • Inflation • Macroeconomics • Price index • Price indices • Price level • Producer price index • Wholesale price index