- India calculates both WPI and CPI. - CPI is the primary measure used by the RBI for monetary policy and inflation targeting.
What is the measure of inflation in India ?
Asked in GPSC Prelims CSP 2 2017 · Topic: Money & Banking (Inflation: Types, Causes, Effects, and Monetary Policy Responses)
More Economic Development questions
- In accordance with the RBI Act, the central bank is required to make a report to the government if the inflation target is not maintained for how many quarters?
- In India, inflation rate is measured on the basis of
- Which one among the following is an appropriate description of deflation ?
- Which one of the following will be most inflationary?
- What was the reason for the sharp increase in Consumer Price Index (CPI) in 2008-09 ?
- Which was the year of hyper inflation?
- Which products are considered to deduce the Food Index?
- Which of the following is/are not the supply-side factor/s responsible for inflation? a. Increase in export b. Store c. Increase in credit creation d. Famine