Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | New CPI to be based on state stats by Rishi Shah    </title>
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The new consumer price indices set to debut in January will be compilations of indices for states that reflect the price trends prevailing in the country accurately, helping policy formulation and targeted intervention.

Each state will have two consumer price indices,..."/>
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The new consumer price indices set to debut in January will be compilations of indices for states that reflect the price trends prevailing in the country accurately, helping policy formulation and targeted intervention.

Each state will have two consumer price indices,..." />
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                            <font ><br /></font><div align="justify"><font >The new consumer price indices set to debut in January will be compilations of indices for states that reflect the price trends prevailing in the country accurately, helping policy formulation and targeted intervention.</font><br /><br /><font >Each state will have two consumer price indices, one for rural and another for urban areas. These CPI rural and urban will be added up to arrive at urban and rural retail indices at the national level. These indices will then be combined based on their relative weights to get a composite retail index.</font><br /><br /><font >Economists believe that availability of state-wise prices will help assess the origin and impact of price shocks, allowing faster and effective intervention.</font><br /><br /><font >&ldquo;This is an improvement and a good development,&rdquo; said Sunil Sinha, head of research and senior economist at rating agency Crisil .</font><br /><br /><font >The National Statistical Commission (NSC) had also suggested that there was a need to bring uniformity of methodology in the computation of price indices compiled by states and Union territories so that a meaningful analysis of regional price variation can be made. To that extent the new indices, based on weights taken from a large sample of over one lakh households, would provide details of regional price variations.</font><br /><br /><font >The new index will also provide a good retail measure of inflation. The currently available retail measures of inflation &ndash; consumer prices index for rural labourers , agricultural labourers, industrial workers and urban non-manual employees -- are considered to be of poor quality. Besides, these are too narrowly targeted, making them irrelevant for macro policy formulation.</font><br /><br /><font >The Reserve Bank of India has been particularly worried about price measures and the large divergence between the wholesale price index (WPI) and the retail measures of inflation.</font><br /><br /><font >&ldquo;Such divergences (between WPI and CPI) in alternative inflation measures complicate the conduct of monetary policy in India,&rdquo; RBI governor D Subbarao had said last year.</font><br /><br /><font >The central bank, therefore , considers all the measures of inflation, behaviour of individual components, and other economic and financial indicators to assess inflation. Economists have been highlighting the need for an accurate consumer price index (CPI). </font><br /><br /></div>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/economy/indicators/New-CPI-to-be-based-on-state-stats/articleshow/6849971.cms" class="re" target="_blank">The Economic Times, 1 November, 2010, http://economictimes.indiatimes.com/news/economy/indicators/New-CPI-to-be-based-on-state-stats/articleshow/6849971.cms</a><div class="clear"></div>
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The new consumer price indices set to debut in January will be compilations of indices for states that reflect the price trends prevailing in the country accurately, helping policy formulation and targeted intervention.

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The new consumer price indices set to debut in January will be compilations of indices for states that reflect the price trends prevailing in the country accurately, helping policy formulation and targeted intervention.

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                            <font ><br /></font><div align="justify"><font >The new consumer price indices set to debut in January will be compilations of indices for states that reflect the price trends prevailing in the country accurately, helping policy formulation and targeted intervention.</font><br /><br /><font >Each state will have two consumer price indices, one for rural and another for urban areas. These CPI rural and urban will be added up to arrive at urban and rural retail indices at the national level. These indices will then be combined based on their relative weights to get a composite retail index.</font><br /><br /><font >Economists believe that availability of state-wise prices will help assess the origin and impact of price shocks, allowing faster and effective intervention.</font><br /><br /><font >&ldquo;This is an improvement and a good development,&rdquo; said Sunil Sinha, head of research and senior economist at rating agency Crisil .</font><br /><br /><font >The National Statistical Commission (NSC) had also suggested that there was a need to bring uniformity of methodology in the computation of price indices compiled by states and Union territories so that a meaningful analysis of regional price variation can be made. To that extent the new indices, based on weights taken from a large sample of over one lakh households, would provide details of regional price variations.</font><br /><br /><font >The new index will also provide a good retail measure of inflation. The currently available retail measures of inflation &ndash; consumer prices index for rural labourers , agricultural labourers, industrial workers and urban non-manual employees -- are considered to be of poor quality. Besides, these are too narrowly targeted, making them irrelevant for macro policy formulation.</font><br /><br /><font >The Reserve Bank of India has been particularly worried about price measures and the large divergence between the wholesale price index (WPI) and the retail measures of inflation.</font><br /><br /><font >&ldquo;Such divergences (between WPI and CPI) in alternative inflation measures complicate the conduct of monetary policy in India,&rdquo; RBI governor D Subbarao had said last year.</font><br /><br /><font >The central bank, therefore , considers all the measures of inflation, behaviour of individual components, and other economic and financial indicators to assess inflation. Economists have been highlighting the need for an accurate consumer price index (CPI). </font><br /><br /></div>                                                           
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        LATEST NEWS UPDATES | New CPI to be based on state stats by Rishi Shah    </title>
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The new consumer price indices set to debut in January will be compilations of indices for states that reflect the price trends prevailing in the country accurately, helping policy formulation and targeted intervention.

Each state will have two consumer price indices,..."/>
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The new consumer price indices set to debut in January will be compilations of indices for states that reflect the price trends prevailing in the country accurately, helping policy formulation and targeted intervention.

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    <h1 class="cat-box-title">New CPI to be based on state stats by Rishi Shah</h1>
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                            <font ><br /></font><div align="justify"><font >The new consumer price indices set to debut in January will be compilations of indices for states that reflect the price trends prevailing in the country accurately, helping policy formulation and targeted intervention.</font><br /><br /><font >Each state will have two consumer price indices, one for rural and another for urban areas. These CPI rural and urban will be added up to arrive at urban and rural retail indices at the national level. These indices will then be combined based on their relative weights to get a composite retail index.</font><br /><br /><font >Economists believe that availability of state-wise prices will help assess the origin and impact of price shocks, allowing faster and effective intervention.</font><br /><br /><font >&ldquo;This is an improvement and a good development,&rdquo; said Sunil Sinha, head of research and senior economist at rating agency Crisil .</font><br /><br /><font >The National Statistical Commission (NSC) had also suggested that there was a need to bring uniformity of methodology in the computation of price indices compiled by states and Union territories so that a meaningful analysis of regional price variation can be made. To that extent the new indices, based on weights taken from a large sample of over one lakh households, would provide details of regional price variations.</font><br /><br /><font >The new index will also provide a good retail measure of inflation. The currently available retail measures of inflation &ndash; consumer prices index for rural labourers , agricultural labourers, industrial workers and urban non-manual employees -- are considered to be of poor quality. Besides, these are too narrowly targeted, making them irrelevant for macro policy formulation.</font><br /><br /><font >The Reserve Bank of India has been particularly worried about price measures and the large divergence between the wholesale price index (WPI) and the retail measures of inflation.</font><br /><br /><font >&ldquo;Such divergences (between WPI and CPI) in alternative inflation measures complicate the conduct of monetary policy in India,&rdquo; RBI governor D Subbarao had said last year.</font><br /><br /><font >The central bank, therefore , considers all the measures of inflation, behaviour of individual components, and other economic and financial indicators to assess inflation. Economists have been highlighting the need for an accurate consumer price index (CPI). </font><br /><br /></div>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/economy/indicators/New-CPI-to-be-based-on-state-stats/articleshow/6849971.cms" class="re" target="_blank">The Economic Times, 1 November, 2010, http://economictimes.indiatimes.com/news/economy/indicators/New-CPI-to-be-based-on-state-stats/articleshow/6849971.cms</a><div class="clear"></div>
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Home हिन्दी

New CPI to be based on state stats by Rishi Shah

Published on Nov 1, 2010   Modified on Nov 1, 2010

The new consumer price indices set to debut in January will be compilations of indices for states that reflect the price trends prevailing in the country accurately, helping policy formulation and targeted intervention. Each state will have two consumer price indices, one for rural and another for urban areas. These CPI rural and urban will be added up to arrive at urban and rural retail indices at the national level. These indices will then be combined based on their relative weights to get a composite retail index. Economists believe that availability of state-wise prices will help assess the origin and impact of price shocks, allowing faster and effective intervention. “This is an improvement and a good development,” said Sunil Sinha, head of research and senior economist at rating agency Crisil . The National Statistical Commission (NSC) had also suggested that there was a need to bring uniformity of methodology in the computation of price indices compiled by states and Union territories so that a meaningful analysis of regional price variation can be made. To that extent the new indices, based on weights taken from a large sample of over one lakh households, would provide details of regional price variations. The new index will also provide a good retail measure of inflation. The currently available retail measures of inflation – consumer prices index for rural labourers , agricultural labourers, industrial workers and urban non-manual employees -- are considered to be of poor quality. Besides, these are too narrowly targeted, making them irrelevant for macro policy formulation. The Reserve Bank of India has been particularly worried about price measures and the large divergence between the wholesale price index (WPI) and the retail measures of inflation. “Such divergences (between WPI and CPI) in alternative inflation measures complicate the conduct of monetary policy in India,” RBI governor D Subbarao had said last year. The central bank, therefore , considers all the measures of inflation, behaviour of individual components, and other economic and financial indicators to assess inflation. Economists have been highlighting the need for an accurate consumer price index (CPI).

The Economic Times, 1 November, 2010, http://economictimes.indiatimes.com/news/economy/indicators/New-CPI-to-be-based-on-state-stats/articleshow/6849971.cms

Tagged with: Inflation

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