Consumer price index trend india
The Consumer Price Index in India decreased 0.73 percent in February of 2020 over the previous month. Inflation Rate Mom in India averaged 0.49 percent from 2011 until 2020, reaching an all time high of 2.25 percent in June of 2013 and a record low of -1.55 percent in December of 2013. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. India inflation rate for 2018 was 4.86%, a 2.37% increase from 2017. All India Consumer Price Index (Rural/Urban) Catalog Info 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