Consumer Price Index or CPI is a measure of average change of prices of the various essential consumer goods and services purchased by households over a period of time. It is calculated by periodically collecting the prices of sample items from sample locations. It plays an important role in all the financial decisions of banks […]Continue Reading... Comments Off on Consumer Price Index – CPI
Inflation is measured by the Inflation Rate which is calculated based on the price increase of goods and articles over a period of time compared to price during the same period last year. Two widely used Inflation rates are WPI (Wholesale Price Index) and CPI (Consumer Price Index). Wholesale Price Index (WPI) The wholesale price […]Continue Reading... No Comments.