Given the following data:
Year |
CPI of Industrial Workers (1982 = 100) |
CPI of Urban Non-manual Employees (1984-85 = 100) |
CPI of Agricultural Labourers (1986-87 = 100) |
WPI (1993-94 = 100) |
1995–96 |
313 |
257 |
234 |
121.6 |
1996–97 |
342 |
283 |
256 |
127.2 |
1997–98 |
366 |
302 |
264 |
132.8 |
1998–99 |
414 |
337 |
293 |
140.7 |
1999–00 |
428 |
352 |
306 |
145.3 |
2000–01 |
444 |
352 |
306 |
155.7 |
2001–02 |
463 |
390 |
309 |
161.3 |
2002–03 |
482 |
405 |
319 |
166.8 |
2003–04 |
500 |
420 |
331 |
175.9 |
Source: Economic Survey, Government of India 2004-2005
(i) Calculate the inflation rates using different index numbers.
(ii) Comment on the relative values of the index numbers.
(iii) Are they comparable?