Question
With reference to the RBI’s All-India House Price
Index (HPI) for Q4 FY 2024–25, consider the following statements: 1. The HPI rose by 3.1% year-on-year, the same rate as in the previous quarter. 2. Kolkata recorded the highest annual price rise among major cities, while Kochi was the only city to show a decline. 3. The HPI is compiled using data from registration authorities of only metro cities like Delhi, Mumbai, Chennai, and Bengaluru. Which of the statements given above is/are correct?Solution
• Statement 1 is correct: The HPI grew 3.1% year-on-year in Q4 FY25, the same as the previous quarter, but lower than 4.1% a year ago. • Statement 2 is correct: Among cities, Kolkata registered the highest rise at 8.8%, while Kochi was the only city with a contraction (-2.3%). • Statement 3 is incorrect: The HPI is not limited to just metro cities. It uses transaction-level data from registration authorities in ten major Indian cities, which include metros (Delhi, Mumbai, Chennai, Bengaluru) as well as others like Jaipur, Ahmedabad, and Kochi. Thus, the correct answer is (a) 1 and 2 only.
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