Consumer Price Index – Urban
Consumer Price Indices (CPI) measure changes over time in general level of prices of goods and services that households acquire for the purpose of consumption. CPI numbers are widely used as a macroeconomic indicator of inflation, as a tool by governments and central banks for inflation targeting and for monitoring price stability, and as deflators in the national accounts. CPI is also used for indexing Dearness Allowance (DA) to employees for increase in prices. CPI is therefore considered as one of the most important economic indicators. The survey is conducted on behalf of CSO, PCL Unit. The base year for CPI (U) is 2012=100. Price data collection is done for 1078 quotations per month from 310 towns. The price collection of CPI (U) started from May, 2008 by FOD on behalf of CSO (PSD). Since then, regular collection/transmission of monthly price in the web portal of CPI (U) is being done.
Rural Price Collection (RPC)
The data collected on rural retail prices are used for compiling the consumer price index (CPI) for Agricultural labourers/Rural Labourers. The price collection of RPC started from 1960 by FOD on behalf of Labour Bureau, Shimla. The Labour Bureau, Ministry of Labour, compiles and publishes the CPI for agricultural labourers.
Whole Sale Price (Index)
WPI is used as a measure of inflation in some economies. WPI is used as an important measure of inflation in India. Fiscal and Monetary policy changes are greatly influenced by changes in WPI. This survey is conducted on behalf of DIPP, M/o Commerce & Industries. The price collection under WPI started from 2007-08 by FOD on behalf of Labour Bureau, Shimla. Regular collection/transmission of monthly price is being done on the web portal of WPI. The base year for WPI is 2011-12 =100,Data collection of 6785 quotations on monthly basis covering 5653 manufacturing units/factories in the organized sector.
International Comparison of Prices- 2017 for Urban Markets:
ICP-2017 is a worldwide operation. It produces indicator known as PPP (Purchase Power Parity) which is used to make GDPs of different countries comparable. PPP is a better indicator for converting the GDP in a common currency for inter-country comparison as exchange rates does not take into consideration effects of price differential across the country. Apart from PPP, ICP survey is also used to generate PLI (Price Level Index), which is used to reflect the price level across the country.
Data collection from 577 Urban markets comprising of 163 Affluent market, 314 middle market and 100 poor markets. The prices of 907 items pertaining to different groups viz. Food, Clothing and Footwear, Fruits, vegetables, meat and fish, medicines, postal charges, railway fares and other consumption items are required to be collected at different frequencies viz, Monthly, quarterly and twice in a year for some specific items. The data collection was started from 1st July, 2017 and would continue till March, 2018 by FOD on behalf of CSO (PSD). The backlog data from the month of April, May and June, 2017 was also collected.
Pilot survey on Estimation of Saving and Investment
The objective of the survey is to estimate annual income, savings and investments of the household sector and Non-Profit Institutions Serving Households (NPISH). The Pilot Survey is designed to study and estimate the methodology, design and questionnaires for the above indicators of the survey. The survey is conducted on behalf of CSO, NAD.
A Pilot Survey on Savings & Investment through Household would be conducted in three states i.e. Andhra Pradesh, West Bengal and Haryana during FY 2018-19 for a period of 3 months. A total of 6 Schedule would be canvassed during the conduct of survey.