(a) whether the contribution of products of various sectors has also been charged besides adoption of separate system for assessment of Wholesale Price Index (WPI) and Consumer Price Index (CPI) in the country; and
(b) if so, the contribution of food items, manufacturing products, services activities, mines, fuels, etc. determined in the above mentioned assessments?
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI P. RADHAKRISHNAN)
(a) and (b) Item basket and weighing diagrams of the Consumer Price Index – Combined (CPI-C) are based on the results of the Consumer Expenditure Survey (2011-12) conducted by the National Sample Survey Office, Ministry of Statistics and Program Implementation. Miscellaneous group in CPI-C includes services also.
The Wholesale Price Index (WPI) basket includes products pertaining to Primary Articles, Fuel & Power and Manufactured Products. Weights assigned to each group is based on the net traded value of the item in the base year i.e. 2011-12. The net traded value is the value of output of the item in the year 2011-12 adjusted for net imports. However, services are not included in the WPI basket.
Weights assigned to different groups and sub-groups of CPI-C and WPI are presented in Table 1 and Table 2, respectively.
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Table 1: Weights of Major Groups and Sub-groups of CPI-C
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Description Weights
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1 Food & beverages 45.86
2 Pan, tobacco & intoxicants 2.38
3 Clothing & footwear 6.53
4 Housing 10.07
5 Fuel and light 6.84
Household goods and services 3.80
Health 5.89
Transport and communication 8.59
Recreation and amusement 1.68
Education 4.46
Personal care and effects 3.89
6 Miscellaneous 28.32
All Groups 100.00
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Table 2: Weights of Major Groups and Sub-groups of WPI
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Commodities Weights
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All Commodities 100
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1 Primary Articles 22.62
Food Articles 15.26
Minerals 0.83
2 Fuel & Power 13.15
Mineral Oils 7.95
3 Manufactured Products 64.23
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