CPI: New standard for measuring inflation - General Economics & Indian Economy

Q.  Consider the following statements

1. CPI does not include services
2. India measures inflation based on WPI

Which of the above statements is correct?
- Published on 04 Apr 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: None
 
In India CPI(combined) is declared as the new standard for measuring inflation from April 2014 based on recommendations of Urjit R. Patel Committee report. WPI doesn't cover services while CPI includes services.

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲