CPI: A Key Inflation Indicator
What is the Consumer Price Index (CPI)?
The Consumer Price Index (CPI) measures the change in the price of goods and services purchased by consumers. It is a widely used macroeconomic indicator of inflation, which is the rate at which prices rise over time.
CPI in India
In India, the CPI is calculated by the Central Statistics Office (CSO) and is released monthly. It measures the price changes of a basket of goods and services that are commonly purchased by urban consumers.
CPI as an Inflation Indicator
CPI is a key tool for governments and central banks to monitor and control inflation. By tracking the changes in CPI, policymakers can gauge the impact of economic policies on consumer prices and make adjustments as needed.
Upcoming CPI Report Forecast
Forecasters expect the upcoming Labor Department report to show that the CPI climbed 3.4 percent in April from a year earlier. This would indicate a continued increase in inflation, which has been rising in recent months.
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