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Sanjay Bajpai

· started a discussion

· 1 Months ago

ans. (Question: 212080.0 )

so what is the correct ans. sir.

Question:
What is the popular method in India for inflation measurement ?
Options:
A) Consumer Price Index 
B) Whole Price Index 
C) General Price Increase 
D) None of these 
Solution:
Ans: (a) India used WPI (Wholesale Price Index) as the measure for inflation but new CPI(combined) has been declared as the new standard for measuring inflation (April 2014). CPI numbers are typically measured monthly, and with a significant lag, making them unsuitable for policy use. Instead, India uses changes in the Consumer Price Index (CPI) to measure its rate of inflation.

Knowledge Expert

· commented

· 1 Months ago

Dear Student,

CPI measure inflation from consumer angle. Both goods and services take into account while calculating inflation. deciding Policy rate RBI use CPI based inflation Correctness of this indices. required answer is option(A).

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