1.

Given the following data: YearCPI Industrial workerCPI of Urban Non- Manual EmployeesCPI agricultural WPI (1993-94=100 )1995−96313257234121.61996−97342283256127.21997−98336302264132.81998−99414337293140.71999−00428352306145.31995−96444252234155.72000−02463390309161.32002−03482405319166.82003−04500420331175.9 Source Economic Survey, Government of India 2004 - 2005 (i) Calculate the inflation rates using different index numbers. (ii) Comment on the relative values of the index numbers. (iii) Are they comparable?

Answer»

Given the following data:

YearCPI Industrial workerCPI of Urban Non- Manual EmployeesCPI agricultural WPI (1993-94=100 )199596313257234121.6199697342283256127.2199798336302264132.8199899414337293140.7199900428352306145.3199596444252234155.7200002463390309161.3200203482405319166.8200304500420331175.9
Source Economic Survey, Government of India 2004 - 2005
(i) Calculate the inflation rates using different index numbers.
(ii) Comment on the relative values of the index numbers.
(iii) Are they comparable?



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