Please use this identifier to cite or link to this item: http://hdl.handle.net/10603/547779
Title: Measurement of Inflation in India A Study of Middle Income Group of Delhi NCR
Researcher: Goel Mayank
Guide(s): Khatter Kapil
Keywords: Economics and Business
Management
Social Sciences
University: Jagannath University, Jaipur
Completed Date: 2022
Abstract: To ensure ease of living for middle class in Delhi NCR, there is a case for availability of quality goods and services on reasonable prices with no inflation. It depends on the basket of goods consumed by the people and varies from person to person with gender, age and income. Inflation in India is a well-known location specific economic problem with social implications for various categories of consumers most notably middle class. The true nature of the problem of inflation in India cannot be understood by the inflation rate announced every month by the Government of India (GOI). We fail to understand the logic of calculating annual inflation rate monthly (earlier weekly) on the basis of Wholesale Price Index (WPI) representing only 697 items with base year 2011-12 using Geometric Mean (GM) based on point-to-point basis method as seventh revision. WPI series in India has undergone earlier six revisions in 1952-53, 1961-62, 1970-71,1981-82,1993-94 and 2004-05. The data on inflation conceals more than it reveals. A new Food Index combining the food articles under primary articles and food products under manufactured products as Consumer Food Price Index also released by CSO. The core inflation refers to price increase excluding that of volatile fluctuations in prices of food and energy also called structural inflation the other is food inflation . There are different kinds of inflation in literature including Hyper/Runway inflation (averaging 100 percent in 03 years), Galloping inflation (increasing in arithmetic or geometric progression), Creeping inflation (gradual increase in prices), Dis-inflation (reduced rate of increase in prices), Deflation (negative inflation with falling prices), Demand-pull inflation (if demand exceeds supply, increases prices), Cost-push inflation (rising cost of production particularly energy). It has been revealed that WPI based inflation is not the monthly inflation rate which can be used to assess the impact on various categories of people particularly middle class. It is b
Pagination: 
URI: http://hdl.handle.net/10603/547779
Appears in Departments:Department of Management Studies

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01_title.pdf.pdfAttached File94.32 kBAdobe PDFView/Open
02_prelim pages.pdf.pdf192.63 kBAdobe PDFView/Open
03_content.pdf.pdf110.61 kBAdobe PDFView/Open
04_abstract.pdf.pdf73.22 kBAdobe PDFView/Open
05_chapter1.pdf.pdf149.27 kBAdobe PDFView/Open
06_chapter 2.pdf.pdf221.96 kBAdobe PDFView/Open
07_chapter 3.pdf.pdf990 kBAdobe PDFView/Open
08_chapter 4.pdf.pdf214.45 kBAdobe PDFView/Open
09_chapter 5.pdf.pdf1.77 MBAdobe PDFView/Open
10_annexure.pdf.pdf7.03 MBAdobe PDFView/Open
80_recommendation.pdf160.77 kBAdobe PDFView/Open
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