Economy
What is CPI (Consumer Price Index)? — Meaning, Definition & Example
Definition
CPI measures changes in the average price level of a basket of consumer goods and services over time. It is the primary measure of retail inflation in India. RBI uses CPI inflation to set monetary policy, with a target of 4% (±2%).
💡 Real Example
If CPI increases from 180 to 190 in a year, inflation rate is approximately 5.5%, meaning your cost of living increased by that much.
🇮🇳 CPI (Consumer Price Index) in Hindi / हिंदी में
CPI (उपभोक्ता मूल्य सूचकांक) — CPI समय के साथ उपभोक्ता वस्तुओं और सेवाओं की एक टोकरी के औसत मूल्य स्तर में परिवर्तन को मापता है।
CPI (Consumer Price Index) (Hinglish) — CPI consumer goods aur services ki ek basket ke average price mein time ke saath change measure karta hai. RBI CPI inflation ko use karke monetary policy set karta hai.
❓ Frequently Asked Questions
What is CPI (Consumer Price Index) in simple words?
CPI measures changes in the average price level of a basket of consumer goods and services over time. It is the primary measure of retail inflation in India. RBI uses CPI inflation to set monetary policy, with a target of 4% (±2%).
Can you give an example of CPI (Consumer Price Index)?
If CPI increases from 180 to 190 in a year, inflation rate is approximately 5.5%, meaning your cost of living increased by that much.
What is CPI (Consumer Price Index) meaning in Hindi?
In Hindi, CPI (Consumer Price Index) is called CPI (उपभोक्ता मूल्य सूचकांक). CPI समय के साथ उपभोक्ता वस्तुओं और सेवाओं की एक टोकरी के औसत मूल्य स्तर में परिवर्तन को मापता है।