Name the consumer groups for which consumer price index number is computed in India.
In India, the consumer price index are mainly constructed for the following consumer groups:
1. Industrial workers.
2. Urban-non manual employees.
3. Agricultural labourers.
The impact of change in the price of a commodity with little weight in the index will be:
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?
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