Consumer Price Index (CPI) is based on the final prices of goods at the retail level.
Because of the wide disparities in the consumption baskets for different segment of consumers, India has adopted four CPIs.
- CPI (Industrial Workers)
- CPI (Urban Non- Manual Employees)
- CPI (Agricultural Labour)
- CPI (Rural Worker)
In India, RBI uses CPI (combined) released by CSO for inflation purpose with base year as 2012.
The number of items in CPI basket include 448 in rural and 460 in urban.