Cpi Index 2024 Upsc Notes. The cpi measures price changes by comparing the cost of a fixed basket of commodities, similar to the wholesale price index (wpi). The cso plans to bring out a national cpi by merging cpi (urban) and cpi (rural) with appropriate weights, derived from nsso’s 61st round of consumer expenditure survey.
The consumer price index (cpi) in india, a critical measure of inflation, rose slightly to 3.65% in august 2024, marking the second lowest rate in five years. What is the consumer price index (cpi)?