Question

The Consumer Price Index for Industrial Workers (CPI-I

  • W is a critical indicator of inflation used in India. Which of the following statements about the CPI-IW for August 2024 is incorrect?
A The All-India CPI-IW decreased by 0.1 points in August 2024 compared to the previous month.
B The year-on-year inflation based on the CPI-IW for August 2024 was 2.44%.
C The base year for the calculation of CPI-IW is 2001.
D The CPI-IW is compiled by the Labour Bureau under the Ministry of Labour & Employment.
E Retail prices are collected from 317 markets across 88 industrial centers for the compilation of CPI-IW.
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