CFPI for measuring food inflation

Q.  Which of the following statements is/are correct about Consumer Food Price Index (CFPI)?

1. It is calculate on bi-monthly basis.
2. The base year for calculation is 2010.
- Published on 07 Oct 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: None
 
Consumer Food Price Index (CFPI) is a measure of change in retail prices of food products consumed by a defined population group in a given area with reference to a base year.

CFPI is calculated for three categories -rural, urban and combined - separately on an all India basis with effect from May, 2014.

Like Consumer Price Index (CPI), the CFPI is also calculated on a monthly basis and methodology remains the same as CPI.

The base year presently used is 2012.

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