Consumer Food Price Index (CFPI)
● It measures changes in the retail prices of food items consumed by the population.
- Relation to CPI: The CFPI is a sub-component of the CPI, focusing exclusively on food items.
- Usage:
● By the RBI: To monitor and manage inflation.
● By CSO: CSO under Ministry of Statistics and Programme implementation , is responsible for releasing CFPI data.
- Categories: CFPI data is released for 3 categories:
● Rural
● Urban
● Combined (rural and urban)
- Frequency: The index is calculated and published monthly.
- Start Date: The CSO started releasing CFPI data separately on an all-India basis from May 2014.
- Base Year:
● The base year currently used for CFPI is 2012.It was revised from 2010 to 2012 in January 2015
Source : PIB
● It measures changes in the retail prices of food items consumed by the population.
- Relation to CPI: The CFPI is a sub-component of the CPI, focusing exclusively on food items.
- Usage:
● By the RBI: To monitor and manage inflation.
● By CSO: CSO under Ministry of Statistics and Programme implementation , is responsible for releasing CFPI data.
- Categories: CFPI data is released for 3 categories:
● Rural
● Urban
● Combined (rural and urban)
- Frequency: The index is calculated and published monthly.
- Start Date: The CSO started releasing CFPI data separately on an all-India basis from May 2014.
- Base Year:
● The base year currently used for CFPI is 2012.It was revised from 2010 to 2012 in January 2015
Source : PIB
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7%
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Similar to Prelims 2023
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Moderate to Difficult
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Pls Share Your Prelims : GS 1 Marks
Anonymous Poll
15%
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15%
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19%
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36%
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