To calculate the impact of inflation on teachers, doctors, and engineers, which price index will be used?
A
CPI for white-collar employees
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B
Wholesale price index
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C
Food price index
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D
CPI for industrial labourers
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Solution
The correct option is A CPI for white-collar employees Consumer price index or CPI is calculated for the goods and services that are bought at retail stores like books, stationery, groceries, etc. It is calculated separately based on the employment and also the location.
People who work as teachers, engineers, business, doctors, and so on are called non-manual or white-collar employees. They have a separate CPI.