Monday, April 18, 2011

Consumer price index rose marginally to 106 pts in March

CPi

The new Consumer Price Index, introduced earlier this year, rose marginally by 1 point in March against 105 points in February this year.

While the Consumer Price Index (CPI), according to the new series unveiled in January this year, and has increased to 106 in March against the base of 100 in 2010, the exact inflation figures would only be released from next year.

As per the data released by the government, the General Indices for rural and urban stood at 107 and 104 points, respectively, in March.

In February, CPI overall had stood at 105, while the indices for rural and urban were reported at 107 and 104.

The new CPI is intended to reflect the actual movement of prices at the micro-level and help policymakers like the RBI in better framing of decisions.

The new consumer indices cover five major groups - food, beverages and tobacco; fuel and light; housing; clothing, bedding and footwear; and miscellaneous items.

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