Question
Consider the following statements about the Consumer
Price Index (CPI): 1. CPI measures inflation at the consumer level, including goods and services. 2. It is released monthly by DPIIT, Ministry of Commerce and Industry. 3. CPI is used for inflation targeting by the Reserve Bank of India. 4. CPI excludes services in its calculation. Which of the above statements is/are correct?Solution
CPI includes services, measures inflation at the consumer level, and is used for inflation targeting. It is released by the NSO, not DPIIT.
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