Inflation

Indian Economy (Easy)

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Which of the following brings out the ‘Consumer Price Index Number for the Industrial Workers’?

The Reserve Bank of India

The Department of Economic Affairs

The Labour Bureau

The department of Personnel and Training

Explanation:

Since 1958-59, the compilation of CPI(IW) has been started by Labour Bureau under Ministry of Labour & Employment. Consumer Price Index Numbers for Industrial workers measure a change over time in prices of a fixed basket of goods and services consumed by Industrial Workers. The target group is an average working class family belonging to any of the seven sectors of the economy- factories, mines, plantation, motor transport, port, railways and electricity generation and distribution.

By: Abhipedia

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