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Inflation Measurement. M.C. Singhi. Price Increase- How is it assessed. Commodity Prices Price Indices User Groups Source Agencies Method of Compilation Communication & Use. Inflation Measurement. Wholesale Price Index Consumer Price Indices GDP Deflator.
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Inflation Measurement M.C. Singhi
Price Increase- How is it assessed • Commodity Prices • Price Indices • User Groups • Source Agencies • Method of Compilation • Communication & Use
Inflation Measurement • Wholesale Price Index • Consumer Price Indices • GDP Deflator
Indices for Inflation Measurement - Salient features ECONOMIC DIVISION
Price Indices- Wholesale Prices • Wholesale Price Index • Computed since 1944 • Basket of Commodities • Weighting Diagram • Collection of price quotes • Release of information
Consumer Price Indices • Family Living Survey • Selection of Commodities • Selection of Centres • Weights • Compilation • Other indices of similar varieties
Price Rise- Impact • Consumers • Producers • Interest Rate • Exchange Rate • Trade- Domestic & International
Alternate ways of measuring inflation • Year on year- conventional approach • 52-weeks average • Build up during the fiscal year • Weekly/monthly build up • Deseasonalised annualized inflation
GDP Deflator (per cent) ECONOMIC DIVISION
Inflation- update ECONOMIC DIVISION
Major contributors to inflation ECONOMIC DIVISION