|
Year |
C.P.I. 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 |
145.7 |
|
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?
Calculation of inflation rate
(i) Industrial Workers :
(ii) Non-manual employees :
(iii) Agricultural Labourers :
(iv) Whole Sale Price Index (WPI) :
(b) Comments on the relative values Index Number :
1. C.P.I. of industrial workers increased in two initial years, but there was decline in its increase rate.
2. These were many ups and downs in the CPI of non-manual employees.
3. There were many ups and downs in the CPI and agricultural labourers.
(c) They are comparable.
