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Indian History
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Bihar Current Affairs (CA) 2025
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71 BPSC ALL IN 1 English: PT [Hardcopy] + Mains [eBook in App] + Bihar Current Affairs [eBook in App] + National International Current Affairs: [eBook in App] English| Updated till Exam* | For All Bihar Exams (Copy 1)

2.6 Price Indexes in India

 

  1. Wholesale Price Index (WPI)
  2. Old Consumer Price Index
  3. New Consumer Price Index (Introduced in February 2011)  

1. Wholesale Price Index

  • It measures the change in the price of commodities traded in the wholesale market.
  • It is also known as headline inflation.
  • **Current base year- 2011-12.
  • The index basket of the current series has a total of 697 items (117 items for Primary Articles, 16 items for Fuel & Power and 564 items for Manufactured Products.)
  • Published by- Economic Advisor, Ministry of Commerce & Industry.

2. Old Consumer Price Index

a) Consumer Price Index for Industrial Workers (CPI- IW)

  • It measures the change in the price of commodities consumed by industrial workers.
  • Current base year- 2001
  • Published by- Labour Bureau

(b) Consumer Price Index for Urban Non- Manual Employees (CPI- UNME)

  • It measures the change in the price of commodities consumed by Non- Manual Employees.
  • Published by- CSO (Central Statistics Office, Ministry of Statistics)
  • It has been discontinued.

(c) Consumer Price Index for Agriculture Labourers (CPI-AL)

  • It measures the change in the price of commodities consumed by agriculture labourers.
  • It is a subset of CPI-RL.
  • Current base year- 1986-87
  • Published by- Labour Bureau
  • Used for revising minimum wages

(d) Consumer Price Index for Rural Labourers (CPI- RL)

  • It measures the change in the price of commodities consumed by rural labourers (including agriculture labourers, labourers of village and cottage industries).
  • Current base year- 1986-87
  • Published by- Labour Bureau
  • Used for revising minimum wages. The Agricultural Minimum Price is determined by the Commission for Agricultural Costs and Prices.

3. New Consumer Price Index (Introduced in February 2011)

(a) CPI (Rural)-

  • Current base year- 2012
  • Published by- CSO (Central Statistics Office, Ministry of Statistics)

(b) CPI (Urban)-

  • Current base year- 2012
  • Published by- CSO

(c) CPI (Combined)-

  • Current base year- 2012
  • Published by- CSO

Currently, in India inflation rate is measured with the help of Consumer Price Index- combined.

Consumer Food Price Index

  • It is a measure of change in retail prices of food items consumed by the people.
  • **Current base year- 2012
  • Published by- CSO

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