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GA Topper Series: Indexes

Important indexes for the upcoming exams.

Sno Name Calculated by Important facts
1. Wholesale Price Index (WPI) Office of Economic Advisor, Dept of Industrial Policy and Promotion, Ministry of Commerce and Industry. Base year: 2011-12

No of Article: 697

3 categories in the article : (in decreasing order of weight

1. Manufacturing -64.97%

2. Primary articles – 20.12 %

3. Fuel and power-14.91%

Reviewed by Late Dr. Saumitra Chaudhuri

No services included

2. Consumer Price Index (CPI)
CPI for Industrial Workers (IW) Ministry of Labour and Employment Base year: 2016

Determining clearance allowance  paid to central/state government employees and workers in the industrial sectors besides

CPI for Agricultural Labourers Labour Bureau Base year: 1986-87

260 articles

Monthly

Used for revising minimum wages for an agricultural laborer

CPI (combined)/ rural / urban National Statistical Office Base year:2011-12

RBI uses CPI (combined) released by CSO for inflation purposes.

3 Consumer Food Price Index National Statistical Office Base year: 2012

The measure of change in retail prices of food products

Launched in 2014

4 WPI Food Index National Statistical Office Base year: 2012

National Statistical Office

5 NHB RESIDEX. NHB A House Price Index (HPI) measures the price changes of residential housing
6. Index of Industrial Production National Statistical Office Base year: 2011-12

IIP is an indicator that measures the changes in the volume of production of industrial products during a given period.

The eight core sector industries in decreasing order of their weightage: Refinery Products> Electricity> Steel> Coal> Crude Oil> Natural Gas> Cement> Fertilizers ,which constitutes 40.27% of IIP

7. Purchasing Manager Index IHS Markit is part of S&P Global. provide information about current and future business conditions to company decision-makers, analysts, and investors.

Note:

Index of Industrial Production and Purchasing manager index are not for inflation calculation but to check the state of the economy. All other indexes are meant for inflation calculation.

NSO: National Statistical office is under the Ministry of Statistical and programs implementation

The Producer Price Index is not calculated in India. 

GA Topper Series: Indexes_50.1

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Also Check:

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