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Consumer Prices Index and Retail Prices Index: The 2012 Basket of

Consumer Prices Index and Retail Prices Index: The 2012 Basket of-2025

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The document outlines the annual review process of the Consumer Prices Index (CPI) and Retail Prices Index (RPI) baskets of goods and services for 2012. It explains how items are selected, updated, and replaced to accurately reflect consumer spending patterns. The article details changes made to the baskets, including new additions like tablet computers and bundled communication services, as well as removals of items that no longer represent significant consumer expenditure. Additionally, it discusses methodological improvements in measuring new car prices. Overall, the document emphasizes the importance of keeping these indices relevant and representative of current market trends.

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What is the Consumer Price Index and retail price index?

It measures the change in the cost of a representative sample of retail goods and services. As the RPI was held not to meet international statistical standards, since 2013, the Office for National Statistics no longer classifies it as a national statistic, emphasising the Consumer Price Index instead.

What was the Consumer Price Index in 2012?

The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.7 percent over the last 12 months to an index level of 229.601 (1982-84=100).

What is the Consumer Price Index for 2013?

The CPI rose 1.5 percent in 2013 after a 1.7 percent increase in 2012. This is lower than the 2.4 percent average annual increase over the last ten years. This is the first time the CPI has gone up less than 2.0 percent for consecutive years since 1997-98.

What is the consumer price index CPI basket?

A consumer price index (CPI) is a statistical estimate of the level of prices of goods and services bought for consumption purposes by households. It is calculated as the weighted average price of a market basket of consumer goods and services.

What is the Consumer Price Index from 2011 to 2024?

Consumer Price Index CPI in India averaged 141.16 points from 2011 until 2025, docHubing an all time high of 196.80 points in October of 2024 and a record low of 86.81 points in February of 2011. source: Ministry of Statistics and Programme Implementation (MOSPI)

What is the market basket of the Consumer Price Index?

Specifically, the CPI measures the average change in price over time of a market basket of consumer goods and services. The market basket includes everything from food items to automobiles to rent.

What is the base year of the Consumer Price Index 2012?

Group CodeSub-group CodeRural 6.1.06 4.25 6 27.26 General Index (All Groups) 100.00 Consumer Food Price Index (CFPI) 47.2526 more rows Jul 14, 2025

What is the CPI for 2012?

Consumer Price Index increases 1.7 percent in 2012. The Consumer Price Index for All Urban Consumers (CPI-U) rose 1.7 percent in 2012 after a 3.0-percent increase in 2011. This was the third smallest December-December increase of the past ten years and compares to a 2.4-percent average annual increase over the decade.

Consumer Prices Index and Retail Prices Index: The 2012 Basket of-2025

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Consumer Prices Index and Retail Prices Index: The 2012 Basket of-2025

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What is the Consumer Price Index and retail price index?

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What is the Consumer Price Index for 2013?

What is the consumer price index CPI basket?

What is the Consumer Price Index from 2011 to 2024?

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