☰
Index Numbers
Calculate the cost of living Index from the following data :
|
Items |
Quantity consumed in the given year |
Base Year |
Given Year |
|
Rice |
30 Qtl |
12 |
25 |
|
Pulses |
36 kgs |
0.4 |
0.6 |
|
Oil |
24 kgs |
1.5 |
2.2 |
|
Clothing |
72 Metres |
0.75 |
1.0 |
|
Housing |
12 months |
Rs. 20 per month |
Rs. 30 per month |
|
Misc. |
Expenditure of 12 months |
Rs. 10 per month |
Rs. 15 per month |
|
Items |
Quantity Consumed in the Given Year (Q1) |
Base Year (P1) |
Current Year(P1) |
Expenditure in the Base Year (P0Q1) |
Expenditure in the Current Year(P0Q1) |
|
Rice |
30 Qlt. |
12 |
25 |
36 |
750 |
|
• Pulses |
36 kgs |
0.4 |
0.6 |
14.4 |
21.6 |
|
Oil |
24 kgs |
1.5 |
2.2 |
36 |
52.8 |
|
Clothing |
72 Metres |
0.75 |
10 |
54 |
720 |
|
Housing |
12 Months |
Rs. 20 per month |
30 P.M. |
240 |
360 |
|
Misc. |
12 months Expenditure |
Rs. 10 per month |
15 P.M. |
120 |
180 |
|
P0Q1 = 824.4 |
Σ P1Q1 = 2084.4 |
Cost of Living Index Number
Sponsor Area
A consumer price index measures changes in:
The item having the highest weight in consumer price index for industrial workers is:
In general, inflation is calculated by using:
The item having the highest weight in consumer’s price index for industrial workers is:
consumer price index measures changes in:
The wholesale price index.
D.A. paid to the workers is based on:
Why do we need an index number?
Why is it essential to have different CPIs for different categories of consumers?
What does a consumer price index for industrial workers measure?
Sponsor Area
Sponsor Area