Cpi Index 2024 Upsc Mains . The consumer price index (cpi) is a price index that measures changes in the price level of a group of consumer goods and services bought by households. The department for promotion of industry and internal trade (dpiit) is close to finalising a model to launch a producer price index (ppi) in india that may eventually replace.
Called market basket, cpi is calculated for a fixed list of items including food, housing, apparel, transportation, electronics, medical care, education, etc. It serves as a key indicator of inflation, reflecting the cost of living for consumers.
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What is CPI and WPI? Difference between CPI and WPI , The cpi measures the average change in prices over time that consumers pay for a basket of goods and services, commonly known as inflation.
