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.
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