Consumer Price Index (CPI) - Transport and communication

Consumer Price Index (CPI)

Transport And Communication
124.9

April 2019

   2.46% (YoY)
+ 0.24% (MoM)
Previous Value: 124.6 (Mar 2019)


CPI - Transport And Communication
Monthly Trend

MONTH
INDEX
YoY CHANGE
Apr 2019
124.9
2.46%
Mar 2019
124.6
2.98%
Feb 2019
123.9
3.08%
Jan 2019
123.3
3.35%
Dec 2018
123.6
4.30%
Nov 2018
125.5
6.09%
(Base 2012=100)

Chart of Current CPI - Transport and communication Index

Select Range:
Source: MOSPI

CPI - Transport and communication

The Consumer Price Index (CPI) for Transport and communication in April 2019 rose by 2.46% (YoY)

from an year ago.

According to data released by the Central Statistics Office, the country's CPI for Transport and communication in Apr 2019 was pegged at 124.9, compared to 121.9 reported in the corresponding period last year. The CPI in Apr 2019 for urban areas was 120.2 and for the rural areas was 120.2.

This months CPI figure represents a jump of 0.24% (MoM) since last month, as CPI(Combined) for Mar 2019 stood at 124.6.


What does CPI - Transport and communication signify?

Let us assume that a basket of goods and services; in this case, Transport and communication was costing Rs. 100.00 in 2012 (Base Year).

Consumer Price Index (CPI) informs us that, the same basket of goods and services i.e. Transport and communication

was costing Rs. 103.20 in Jan 2013
was costing Rs. 110.70 in Jan 2014
was costing Rs. 109.40 in Jan 2015
was costing Rs. 111.10 in Jan 2016
was costing Rs. 117.00 in Jan 2017
was costing Rs. 119.30 in Jan 2018
was costing Rs. 123.30 in Jan 2019
was costing Rs. 124.90 in Apr 2019

Consumer Price Index (CPI) Weightage
Transport and communication

Transport and communication is a sub-group of Miscellaneous. In the calculation of Consumer Price Index, Transport and communication has the following weightage:

Index Rural Urban Combined
Transport and communication 7.60% 9.73% 8.59%

Other sub-groups included alongside Transport and communication in the Miscellaneous group are:

Historical Consumer Price Index Trend

 
Historical Graph

  • Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.

  • ~ Ronald Reagan


What is Consumer Price Index (CPI)?

A Consumer Price Index (CPI) is designed to measure the changes over time in general level of retail prices of selected goods and services that households purchase for the purpose of consumption. Such changes affect the real purchasing power of consumers’ income and their welfare. The CPI measures price changes by comparing, through time, the cost of a fixed basket of commodities.

The basket is based on the expenditures of a target population in a certain reference period. Since the basket contains commodities of unchanging or equivalent quantity and quality, the index reflects only pure price.

The annual percentage change in a CPI is used as a measure of inflation.

Over the years, CPIs have been widely used as a macroeconomic indicator of inflation, and also as a tool by Government and Central Bank for targeting inflation and monitoring price stability. CPI is also used as deflators in the National Accounts. Therefore, CPI is considered as one of the most important economic indicators.


Consumer Price Index in India

In India, the Consumer Price Index is calculated on a monthly basis and is released every month at 5.30 p.m. on 12th day of the following month. If it is a holiday, then it is released on the next working day. All-India CPIs (Rural, Urban, Combined) along with inflation rates for Sub-group, Group, CFPI and General Index (All-Groups) are released through a Press Note and are also uploaded on the website of the Ministry of Statistics and Programme Implementation.

Items are first classified, organised and coded according to Groups, Sub Groups and Categories. Then a Weighing Diagram is prepared. Weighing diagram gives the share of each item in the total consumption expenditure in a Consumer Expenditure Survey(CES). For calculation of Consumer Price Index (CPI), prices are collected from 1181 village markets covering all districts and 1114 urban markets distributed over 310 towns of the country. The elementary/item indices are then computed using Geometric Mean (GM) of the Price Relatives of Current Prices with respect to Base Prices of different markets in consonance with the international practice.

For current series of CPI, the base year has been taken as 2012. The basket of items and their weighing diagrams have been prepared using the Modified Mixed Reference Period (MMRP8) data of Consumer Expenditure Survey (CES), 2011-12, which is 68th Round of National Sample Survey (NSS).


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Consumer Price Index

Detailed Monthly Data

Current & Historical Month-wise listing of Data of all Groups/Sub-Groups of CPI.

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Historical Consumer Price Index

Select Month
Transport and communication
Consumer Price Index
(Combined)
Consumer Price Index
(Rural)
Consumer Price Index
(Urban)

(Base 2012=100)

Consumer Price Index

Items Basket

Explore the All-India Sub-group/Group Weights Table.

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DATE INDEX CHANGE
Apr 2019 124.9   0.3
Mar 2019 124.6   0.7
Feb 2019 123.9   0.6
Jan 2019 123.3   0.3
Dec 2018 123.6   1.9
Nov 2018 125.5   1.4
Oct 2018 126.9   0.9
Sep 2018 126.0   1.7
Aug 2018 124.3   0.7
Jul 2018 123.6   0.1
Jun 2018 123.7   0.8
May 2018 122.9   1.0
Apr 2018 121.9   0.9
Mar 2018 121.0   0.8
Feb 2018 120.2   0.9
Jan 2018 119.3   0.8
Dec 2017 118.5   0.2
Nov 2017 118.3   0.5