Question

Consider the following about CPI.

1. It is calculated by Economic Advisor of the Ministry of Commerce.
2. It measures retail inflation.

Which of the following is/are correct

• A. 1 only
• B. 2 only
• C. Both 1 and 2
• D. None of the Above

Answer 1

The correct option is B 2 only

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> CPI for Industrial Workers (IW),CPI for Agricultural Labourer (AL),CPI for Rural Labourer (RL),CPI (Rural/Urban/Combined) are 4 types of CPI.

Of these, the first three are compiled by the Labour Bureau in the Ministry of Labour and Employment. Fourth is compiled by the Central Statistical Organisation (CSO) in the Ministry of Statistics and Programme Implementation.

Consumer Price Index measures price changes from the perspective of a retail buyer.