Consumer Price Index and Wholesale Price Index

Economic Indicators of India- Consumer Price Index and Wholesale Price Index and Index of Industrial Production

1. LEKSHMI NATH B

2. Wholesale prices in India rose by 2.48 percent year-on-year in February of 2018, after a 2.84 percent increase in the prior month while markets estimated a 2.5 percent gain . It was the lowest wholesale inflation since July 2017, as cost of food and fuel rose at softer paces . WPI is calculated on a base year (2011-12) a set of 676 items and their price changes are used for the calculation .

3. Central Statistics Office (CSO) Ministry of Statistics and Programme Implementation (MOSPI ) Monthly basis: for urban, rural, all India. Annual: with lag of one month. State/UT’s separate CPIs released only if they provide 80% of the necessary data.

4. CPI calculates using Lespeyer’s formula, Base year 2010

5. Consumer Price Index CPI in India decreased to 136.40 Index Points in February from 136.90 Index Points in January of 2018 . CPI reached an all time high of 137.60 Index Points in November of 2017 and a record low of 86.81 Index Points in February of 2011.

6. The index is a simple weighted arithmetic mean of production relatives calculated by using Laspeyre’s formula : I= S (W i R i )/ S W i I is the Index, Ri is the production relative of the ith item for the month in question and Wi is the weight allotted to it . India's industrial production rose by 7.5 percent year-on-year in January 2018, following a 7.1 percent gain in the previous month and beating market expectations of 6.7 percent