Economics · Inflation and Consumer Price Indices
The National Statistical Office (NSO) reports the following data for a hypothetical rural area for the base year 2012 and the current year 2025: - Commodity A (Food): Weight 50%, Price in 2012 = INR 100, Price in 2025 = INR 120 - Commodity B (Fuel): Weight 30%, Price in 2012 = INR 80, Price in 2025 = INR 100 - Commodity C (Others): Weight 20%, Price in 2012 = INR 150, Price in 2025 = INR 165 Which of the following correctly identifies the Consumer Price Index (CPI) Combined being calculated, its official Base Year, and the calculated Index Value for 2025?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1CPI-AL (Agricultural Labourer); Base Year: 1986-87; Index Value: 122
- 2CPI-RL (Rural Labourer); Base Year: 1986-87; Index Value: 124
- 3CPI-C (Combined); Base Year: 2011-12 (2012=100); Index Value: 119.5
- 4CPI-C (Combined); Base Year: 2012 (2012=100); Index Value: 120.5✓
Correct answer
CPI-C (Combined); Base Year: 2012 (2012=100); Index Value: 120.5
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