Consumer price index is a comprehensive measure of change in price of goods and services that represent consumer expenditure. This index expresses the current weighted average price of a basket of goods and services. Consumer price index is used to measure the effect of inflation on purchasing power of consumers over a specified period of time.
Author: Vikas Yadav
Vikas Yadav founded MonetarySection.com in 2014 and is responsible for everything published on it. He holds an MBA from NCU (formerly ITM), Gurugram, and writes about accounting, payroll and personal finance for Indian readers. Facts and figures are checked against official sources such as the Income Tax Department, RBI and IRDAI.
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