Showing posts with the label cpi

How the Inflation would be calculated using CPI in India ?

How the Inflation would be calculated using CPI in India ?   Consumer Price Index (CPI) is an economic measurement to finding the Inflation Rate . It also used to analyze the weighted average of price changes of a collection of particular goods and services. The Goods and services are likely Food, Transportation, Clothing, Education, Medical or any other goods or services. So, the calculation for CPI  is nothing but by taking the price changes in every item on the collection of goods and services and then average the total price changes, then divided by the base year. How the CPI can be calculated ? Already we know that there is a price for every item in a collection of goods and services and the collection should be averaged. The term, ‘Collection’ often referred as a ‘Basket’ . For example, if the Toned Milk priced at Rs. 45 per litre and 100 gram of butter at a price of Rs. 45 in the month of January 2018 and the total consumption is 2 litres of milk and 100 gm of butter. Then the b

Inflation India - Data - 10 Years (2008-2017)

Inflation India - Data - 10 Years (2008-2017)   ' Inflation ' - the word is much more concern anywhere in the world. As a part of the economy, the inflation decides the price of any good or services. It predominantly needs for the government with their production and correlated with the Gross Domestic production (GDP). In our country, the inflation has ups and downs and with an average of 6 - 7 % for the last few years. So, while we are planning for our Financial goals like Education, Retirement planning - it's so important to move for the future. Financial Goals are stick with the inflation and that is the reason for entering the stock market to reach our goals at good. Recently, the Reserve Bank of India (RBI) also keenly watching the inflation data or statistics according to Interest Rate cuts. The Bank interest also down in the recent, as inflation matters. Today's 100 rupee is not a worth it be in the next year or after 10 years. So, we just given the inflation da

CPI Retail Inflation rises to 5.21 % - December 2017

CPI Retail Inflation rises to 5.21 % - December 2017   The Central Statistical Office(CSO) recently reported the Consumer price index (CPI) retail inflation for India, its rises to 5.21 % in the month of December 2017.    India's retail inflation for december 2017 is at 5.21 percent, and for the November at 4.88 percent, the october had its 3.58 %.   The current inflation of December as it had the 17 month high, since in the mid of august, 2016.   Food and beverages stood at 4.85 %, Clothing and footwear at 4.8 percent, and the housing, energy with 8.25 percent and 7.90 % respectively.   Earlier, the Reserve Bank of India's (RBI) expected inflation for the second half of the financial year 2018, is between 4.3 to 4.7 percent. But it had crossed the expectation mark.   So, may the RBI changes the rates in the upcoming policy meeting. The next meeting for the policy will held on February 7, 2017.   As the RBI's expectation is not well, but the SBI said, i