Index of Eight Core Industries

This index for January 2021 was released by the Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade.
Eight Core Industries - Coal, Crude Oil, Natural Gas, Petroleum Refinery Products, Fertilizers, Steel, Cement, Electricity.
These Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).
Since 2014, Electricity generation data from Renewable sources are also included.

Consumer Price Index

It 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 changes in price over time for each item in the predetermined basket of goods and averaging them.
This is done from the perspective of a retail buyer.
Labour Bureau under the Ministry of Labour and Employment compiles the CPI for Industrial Workers (IW), Agricultural Labourer (AL) and Rural Labourer (RL).
Central Statistical Organisation (CSO) under the Ministry of Statistics and Programme Implementation compiles CPI (Rural/ Urban/ Combined).
CPI is adopted as the key measure of retail inflation by the Reserve Bank of India in 2014.
India uses 2012 as the base year for calculating CPI.

Source: TH

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