According to the Economic Survey 2016 17 core CPI has been more stable as compared to CPI combined a...........

Economic Affairs Inflation

According to the Economic Survey 2016-17, core CPI has been more stable as compared to CPI combined and WPI and has hovered around 4.5 to 5% for the year so far i.e. from April 2016 to Dec 2016. What do you understand by "core CPI"?

It is equal to CPI combined - depreciation

It is nothing but inflation of the core industrial products of an economy

It is an inflation measure which excludes transitory or temporary price volatility as in the case of some commodities such as food items, energy products etc.

None of the above

छोटे Courses बड़े Results

Master Inflation

Prepare through Micro-courses

Try Now

Explanation:

3rd option is correct.

Core inflation represents the long run trend in the price level. In measuring long run inflation, transitory price changes should be excluded. One way of accomplishing this is by excluding items frequently subject to volatile prices, like food and energy.