1. The Ministry of Statistics and Programme Implementation (MOSPI) releases monthly All-India Consumer Price Indices (Rural, Urban, Combined) for various items, classified into groups and sub-groups, along with their weightage as per their consumption expenditure arrived through a Consumer Expenditure Survey(CES).
2. For calculation of these CPIs, prices are collected from 1181 village markets covering all districts and 1114 urban markets distributed over 310 towns of the country.
3. CPIs are then computed using Geometric Mean (GM) of the Price Relatives of Current Prices with respect to Base Prices of different markets in consonance with international practice.
4. For current CPI series, base year is 2012 (=100), and the basket of items and their weightage has been prepared using Modified Mixed Reference Period (MMRP8) data of CES 2011-12, which is 68th Round of National Sample Survey (NSS).
5. For data available upto June'19, combined general CPI is 142.9, and it has 6 groups, whose weightage and June'19 CPI are:-
a) Food & Beverages (12 sub-groups) - 45.86%, 142.7
b) Pan, Tobacco & Intoxicants - 2.38%, 164.8
c) Clothing & Footwear (2 sub-groups) - 6.53%, 147.4
d) Housing - 10.07%, 149.4
e) Fuel & Light - 6.84%, 141.3
f) Miscellaneous (6 sub-groups) - 28.32%, 138.5
6. Health and Education are in Miscellaneous Group, which has 6 sub-groups, whose weightage and June'19 CPI are:-
a) Household goods & services - 3.81%, 143.8
b) Health - 5.89%, 147.4
c) Transport & communication - 8.59%, 124.6
d) Recreation & amusement - 1.68%, 139.5
e) Education - 4.46%, 152.5
f) Personal care & effects - 3.89%, 134.3
7. During the last 7.5 years, you'll observe that CPIs of Education (152.5), Housing (149.4) and Health (147.4) have raced much ahead than general CPI (142.9).
8. During this period, while general CPI has increased annually by 4.9%, these CPIs have increased annually by 5.8%, 5.5% and 5.3% respectively.
9. Currently, these CPIs are higher than general CPI by 18%, 12% and 8% respectively.
10. Hence the emphasis on "investing", instead of "saving", during one's earning years at least, if not beyond.
2. For calculation of these CPIs, prices are collected from 1181 village markets covering all districts and 1114 urban markets distributed over 310 towns of the country.
3. CPIs are then computed using Geometric Mean (GM) of the Price Relatives of Current Prices with respect to Base Prices of different markets in consonance with international practice.
4. For current CPI series, base year is 2012 (=100), and the basket of items and their weightage has been prepared using Modified Mixed Reference Period (MMRP8) data of CES 2011-12, which is 68th Round of National Sample Survey (NSS).
5. For data available upto June'19, combined general CPI is 142.9, and it has 6 groups, whose weightage and June'19 CPI are:-
a) Food & Beverages (12 sub-groups) - 45.86%, 142.7
b) Pan, Tobacco & Intoxicants - 2.38%, 164.8
c) Clothing & Footwear (2 sub-groups) - 6.53%, 147.4
d) Housing - 10.07%, 149.4
e) Fuel & Light - 6.84%, 141.3
f) Miscellaneous (6 sub-groups) - 28.32%, 138.5
6. Health and Education are in Miscellaneous Group, which has 6 sub-groups, whose weightage and June'19 CPI are:-
a) Household goods & services - 3.81%, 143.8
b) Health - 5.89%, 147.4
c) Transport & communication - 8.59%, 124.6
d) Recreation & amusement - 1.68%, 139.5
e) Education - 4.46%, 152.5
f) Personal care & effects - 3.89%, 134.3
7. During the last 7.5 years, you'll observe that CPIs of Education (152.5), Housing (149.4) and Health (147.4) have raced much ahead than general CPI (142.9).
8. During this period, while general CPI has increased annually by 4.9%, these CPIs have increased annually by 5.8%, 5.5% and 5.3% respectively.
9. Currently, these CPIs are higher than general CPI by 18%, 12% and 8% respectively.
10. Hence the emphasis on "investing", instead of "saving", during one's earning years at least, if not beyond.