Q. Consider the following statements regarding different types of Consumer Price Index (CPI) used in India:
1.The Consumer Price Index for Agricultural Labourers (CPI-AL) and Consumer Price Index for Rural Labourers (CPI-RL) are both published on monthly basis by the Labour Bureau.
2.The base year for calculating the Consumer Price Index (CPI) for Agricultural and Rural Labourers (AL/RL) is same as that of Consumer Price Index (CPI) for Industrial Workers (IW).
Which of the statements given above is/are correct?
Answer: A
Notes:
Explanation: Only Statement 1 is correct
Statement 1 is correct: The Consumer Price Index for Agricultural Labourers (CPI-AL) and Consumer Price Index for Rural Labourers (CPI-RL) are vital economic indicators published monthly by the Labour Bureau, Ministry of Labour & Employment.
Statement 2 is incorrect: The base years for CPI-AL/RL and CPI-IW are not the same. The Labour Bureau recently revised the base year for CPI-AL/RL to 2019=100, according to the PIB. However, the CPI-IW (Industrial Workers) has a different base year, which is 2016.
Source: PIB
