What does a Consumer Price Index for industrial workers measure?

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Cherish Jain

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Consumer Price Index for industrial workers measures the average change in retail price of abasket of commodities which an industrial worker generally consumes. Consumer price index for industrial workers is increasingly being considered the appropriate indicator of general inflation which shows the...
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Consumer Price Index for industrial workers measures the average change in retail price of abasket of commodities which an industrial worker generally consumes. Consumer price index for industrial workers is increasingly being considered the appropriate indicator of general inflation which shows the most accurate impact of price rise on the cost of living of common people. The items included in CPI (Consumer Price. Index) for industrial workers are food, pan, supari, tobacco, fuel and lighting, housing, clothing and miscellaneous expenses with food being accorded the highest weight. This implies that the food price changes have a significant impact on the CPI. read less
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