PDF-BASE YEAR UPDATION OF CONSUMER PRICE INDEX NUMBERS FOR INDUSTRIAL WORK

Centres selected for the new series of CPIIW 2015100 SL NO STATEUT NAME OF THE CENTRE 1 2 3 1 Andhra Pradesh 1 Guntur 2 Vishakhapatnam 3 Nellore 2 Assam 4 Biswanath Chariali DoomDoo. Outline. The Consumer Price Index (CPI). What is inflation?. The CPI and the Inflation Rate. Adjusting the money (nominal) wage for inflation using the CPI. The Costs of Inflation. Is the CPI accurate?. The Hindu-Arabic Number System. What are the powers of 10 for the place value of numbers between 0 & 1?. INTRODUCTION TO BASE 2. The Binary Number System. BINARY TO BASE . 10. 101010 in base 2 is ____ in base 10. The Central Statistics Office (CSO)releases Consumer Price Indices (CPI) for Rural, Urban and Combined,at State/UTs and all Indialevel Due to change in the consumption pattern from 200405 to 2011the w The Average Weekly Earnings of an Australian Employee. . Multiplying or dividing all the values in a time series by the same constant is called . scaling the series. . . Scaling a series does not affect the percentage changes in the series. It is often convenient to scale a series to have a value of 100 in some period. Such a scaled series is called an .  . Mark Carney. Governor of The Bank of Canada. Inflation. refers to the general rise in prices from year to year.. Statistics Canada measures inflation using the CPI, which tracks price changes in consumer goods.. Department of Industrial Policy and Promotion. 1. 2th May 2017. 0. Wholesale Price Index. Measure of average change in wholesale price . .. First published from the week commencing 10. th. January 1942 (Base year 1939).. The price level is the weighted average of prices. A decrease in money’s purchasing power. When the supply of money is growing faster than the production of goods and services.. Inflation…what is it?. 2. Contents – Session V. Construction of Price Index – Part II. General . Procedure of Index Aggregation. Choice . of base . period. . General . Procedure of Index Aggregation. Computation of price relatives. * Lots of practice is advised, try to solve as many questions as you can.. By: Ravinder Pant, Assistant Professor, Commerce department, . arsd. college. “Time is money”. - Benjamin franklin. Index Numbers. 2. Contents – Session III. Index number formula. Simple index: . Dutot. ,. Carli and Jevon. Weighted index: . Lowe. ,. . Laspeyres. ,. . Paashe’s. . and. Fischer’s. . Price Index – Formula . 3.5. ●. . marginal utility (MU) . Additional satisfaction obtained from consuming one additional unit of a good.. ●. . diminishing marginal utility . Principle that as more of a good is consumed, the consumption of additional amounts will yield smaller additions to utility.. 2. Contents – Session I. Introduction. . – purpose and use of Price Index. What . is an Index number . Aggregate . index. . Introduction – Purpose and Use. What is Price Index?. Main uses. Common price indices. 2. Contents – . Session II. Composite . Price Index. Unweighted composite index. Weighted composite index. Important terms. Base period (year): . . price . reference period. , . weight reference period. Session 4: Practical Experiences with Calculating Elementary Indices and Treatment of Missing Prices. Presentation by Cengiz Erdoğan, TurkStat. October . 10-13 . Istanbul, Turkey. Calculation of Elementary Aggregate .