Saturday, December 19, 2015

Economy: Consumer Food Price Index

Consumer Food Price Index (CFPI):

It is a measure of change in retail prices of food products consumed by a defined population group in a given area with reference to a base year. 

The Central Statistics Office (CSO) started releasing Consumer Food Price Indices (CFPI) for three categories:
rural, urban and combined
separately on an all India basis with effect from May, 2014.

Like Consumer Price Index (CPI), the CFPI is also calculated on a monthly basis and methodology remains the same as CPI. The base year presently used is 2012

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