[dropcap]I[/dropcap]t is one of the best known lagging indicators. The consumer price index expresses the current prices of a basket of goods and services in terms of the prices during the same period in a previous year, to show effect of inflation on purchasing power.
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|
INFLATION RATES MONTH ON MONTH BASIS (%)
(BASE 2007 – 2008) |
|||||||
|---|---|---|---|---|---|---|---|
|
Period
|
CPI
|
Core Inflation
|
SPI**
|
WPI
|
|||
|
General
|
Food
|
Non-food
|
NFNE*
|
Trimmed
|
|||
|
Jan 16
|
0.2
|
-0.6
|
0.8
|
0.9
|
0.6
|
-0.7
|
-0.5
|
|
Feb 16
|
-0.3
|
-0.7
|
0.0
|
0.2
|
0.1
|
-0.5
|
-0.6
|
|
Mar 16
|
0.2
|
0.5
|
-0.1
|
0.2
|
0.2
|
-0.2
|
-0.4
|
|
Apr 16
|
1.6
|
2.4
|
1.0
|
1.1
|
0.6
|
-0.1
|
1.3
|
|
May 16
|
-0.2
|
-0.7
|
0.2
|
0.2
|
0.2
|
-1.0
|
0.6
|
|
June 16
|
0.6
|
1.4
|
0.1
|
0.1
|
0.2
|
1.1
|
1.4
|
|
July 16
|
1.3
|
2.5
|
0.5
|
0.6
|
0.5
|
1.3
|
2.3
|
|
Aug 16
|
-0.3
|
-0.9
|
0.2
|
0.2
|
0.1
|
0.2
|
0.0
|
|
Sep 16
|
0.2
|
0.1
|
0.2
|
0.3
|
0.1
|
0.1
|
-0.5
|
|
Oct 16
|
0.8
|
0.8
|
0.8
|
0.9
|
0.6
|
0.7
|
-0.0
|