CPI & WPI, Headline & Core Inflation | Inflation Control | Indian Economy | UPSC Prelims | Adil Baig
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- Опубликовано: 10 сен 2024
- This is the 7th Video in Indian Economy Fundamental Concepts Series. In this Video Mr.Adil Baig Explains the Basics of Mesurement of Inflation
Measures taken to Control Inflation by RBI & Government
Topics Discussed in the Video:
00:35 - Introduction
02:12 - Measuring Inflation - List of Indicators
03:57 - Wholesale Price Index (WPI) & Consumer Price Index
09:51 - What is an Index?
13:54 - WPI
18:15 - CPI & Types
20:24 - CPI-IW, CPI-AL,CPI-RL,CPI-UNME
25:40 - New CPI Series - CPI-R, CPI-U, CPI(C)
34:36 - Difference between CPI & WPI
38:00 - Headline Inflation & Skewflation
40:39 - Core Inflation
45:10 - Measures to Control the Inflation
45:28 - Measures by RBI
54:38 - Measures by Government - Fiscal Policy
57:43 - Administrative Measures
UPSC Economy in Tamil
#upsc #inflation
Sir in nxt class plz do explain slowdown, recession, depression terms with simple examples.
Sure!
It's coming.
good morning sir, initially you have mentioned that WPI is released on monthly basis and in later part you have mentioned both cpi and wpi are released weekly. kindly clarify
WPI weightage... You mentioned the values of Base year 2004-2005. For 2011-2012 Base year, Primary articles: 22.62, Fuel and power: 13.15, manufactured products: 64.23. Thank you
Oh
Sir..The base year for CPI Rural labourer is mentioned as 1986-87 in "KEY CONCEPTS OF INDIAN ECONOMY" of ShankarGanesh Book, Pg No: 148. Is it 1986-87 Or 1984-85??
Time Slot in video : 22.50
Yes, Both CPI AL & RL have base year at 1986-87. It's a Typo! Thank you for pointing out.
Sir ...when will you going to start the national parks series ....waiting for the series sir....
Since no question came last year, I am still introspecting its need.
Since we almost discussed 100 national parks already.
@@CuriousAdilyeah sir..... it's ok sir.....with the help of last 2 yr successful videos of yours we could cope up with the current affairs of the same one . Thank you so much sir ....
Headline inflation - skew inflation = core inflation ? Sir, and why non manual workers in urban cpi was removed ?
Sir, By now imported duty is under gst right? Then how gst system works for imported goods from another country to India? pls clarify.
@curious adil sir.,both CPI and WPI released on a monthly or weekly basis..
Figures of CPI-based inflation are issued every month in India. But WPI based figures related to primary commodities, fuel and electricity released on weekly basis while other figures are released on monthly basis.
Sir, could you post a video on inflationary gap and deflaltionary gap?
Sir headline inflation, core inflation is a measure of both old CPI and new CPI ? And is it the measure of both CPI and WPI?
@curious adhil Sir Suggest me books for public administration optional. Please help me
sir y we are taking base year 2011 for nnp. and cpi 2012,1986,like wise ,wpi base year 2011. sir may i know why we use various years as base year to measure these index , y changed it sir .... if the year is constant what problem wil raise sir...
Base year is choosen due to many reasons, one of the reasons is, the prices of those commodities in Index should have been stable without vagaries.
Commodities vary from index to index.
As per normal practices, Base year and commodity weightage must be changed every 5 years.
But its humongous exercise, a lot of changes must be done in various dept, entire old date must be recalculated to new base year,
So they wont change it inorder to ensure stability and continuity (We can also say Laziness)
CPI IW base year was updated to 2016 recently to reflect the changes.
For CPI AL & RL we have 1986-87 as base year, Labour Bureau is planning to update it to 2019-20.
We can expect it by this or next year
@@CuriousAdil thank you sir
Sir, please give PDF file
There is nothing in PPT. Just 4 slides.
Its better to make running notes.
If i would have used a detailed PPT, i would have shared it.
Headlines inflation na thalai eluthu inflation 🤣🤣
Good evening sir... Can the government of srilanka use the Hyper Inflation sir at this present situation of srilanka
Its not yet hyper inflation in SriLanka. Lets wait and watch.
@@CuriousAdil ok sir....thank you sir
Sir can u do videos on budget
You are asking about the latest budget? or Concepts related to Budget?
@@CuriousAdil latest budget sir
@@mithunmic5512 I ll post in April.
@@CuriousAdil okay thank you sir
Sir budget session completed ah
You are asking about the latest budget? or Concepts related to Budget?
@curious adil sir na second attempt kodukka poren enakku neraya confusions irukku ennoda neraya seniors 4 th and 5 th attempt koduthavanga solranga nee test series nee join panni potalum athula irunthu upsc questions kekathu pyq mattum solve free upsc matrial ah kedaikkura sila questions mattum solve pannu pothumnu aana enakku bayam irukku sir na 1st attempt la test series proper ah follow pannalanu clear pannalanu realise pannen ipo seniors ipdi solranga test series importance pathi sollunga sir.
@@maheshwaranr4837 Thank you
Test series are important.
Understanding the purpose of test series is important.
Its not that the Questions came in test series will repeat in UPSC.
Thats not what its meant for.
1)Test series is for increasing your guessing ability. You can clear prelims only with guesses. No one knows all 100 or 80 Questions.
2) Simulation of 2 hours of exam hall scenario, so that ur subconscious is used to it.
3) Committing the mistakes in test series, so that we learn it and correct it before exam.
4) identify our strength and weakness
5) Planning the two hours, duration it takes for first reading, marking in OMR, second reading
6) Learning 100 topics in particular subject.
Its good to have a weekly test series in some institute. And thats not enough,
Apart from one full test series, you can download lots of questions from Internet and practice 20-30 Questions daily ( can increase it in future).
If test series is not affordable or accessible for you, then download free Questions and solve as many as possible.
But even then you simulate 2 hour serious test weekly once in study hall or home.
Many seniors will say that in 5th or 6th attempt.. that might be suitable to them at their level of experience.
But it might not for a second attempt person , who is yet to explore a lot.
Seniors/toppers while discussing the strategy, miss out empathy and advice from their own point of view.
So test series are important!
@@CuriousAdil sir, i complete ncert /Tnscert and conventional books subjects
now planning to take 1year test series from vision/insight
Is it good to go sir or any need to do?
@@maheshwaranr2379 Revise and solve Questions.
Read current affairs.
@@CuriousAdil Thank you so much sir.you are the best gift for TN Students in UPSC preparation.Thanks a lot.keep guiding us.You are the best Teacher i have ever seen.