[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 | |||
| 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 |
| Nov-16 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | -0.2 |
| Dec-16 | -0.7 | -1.9 | 0.2 | 0.1 | 0.1 | -0.8 | -0.1 |
| Jan-17 | 0.2 | -1.0 | 1.0 | 1.1 | 0.6 | -0.8 | 0.5 |
| Feb-17 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.5 |
| Mar-17 | 0.8 | 1.9 | 0.1 | 0.1 | 0.2 | 1.8 | 0.7 |
| Apr-17 | 1.4 | 1.7 | 1.2 | 1.3 | 0.8 | -0.9 | 0.9 |
| May-17 | 0.0 | -0.2 | 0.2 | 0.2 | 0.2 | -0.9 | -0.2 |
| Jun-17 | -0.4 | -1.1 | 0.1 | 0.1 | 0.0 | 0.1 | -0.5 |
| Jul-17 | 0.3 | 0.0 | 0.5 | 0.7 | 0.4 | -0.5 | -0.2 |
| Aug-17 | 0.2 | 0.4 | 0.1 | 0.1 | 0.1 | 0.5 | 0.3 |
| Sep-17 | 0.6 | 1.3 | 0.2 | 0.1 | 0.1 | 2.1 | 0.1 |
| Oct-17 | 0.7 | 0.6 | 0.8 | 0.9 | 0.6 | 0.9 | 0.6 |