Which one of the following is used for indexing dearness allowance to government employees for incre...........

General Studies (CHSL) Indian Economy

Which one of the following is used for indexing dearness allowance to government employees for increase in prices in India?

Consumer Price Indices (CPI)

Statutory Liquidity Ratio (SLR)

Interest rates

Bank rates

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Explanation:

The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them. Changes in the CPI are used to assess price changes associated with the cost of living; the CPI is one of the most frequently used statistics for identifying periods of inflation or deflation.