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Difficulty: EasyEconomic Developments, Union & State Budgets, and Economic Surveys

The Economic Survey of India regularly reviews price trends and inflation dynamics across the country. Which official agency is responsible for compiling and releasing the Consumer Price Index (CPI) combined inflation data in India?

  1. National Statistical Office (NSO)Answer
  2. B
    Office of the Economic Adviser
  3. C
    Reserve Bank of India
  4. D
    Department of Economic Affairs

Answer

National Statistical Office (NSO)
The National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI) is the designated authority that compiles and releases the Consumer Price Index (CPI) Combined data monthly in India.

Step-by-Step Solution

1
Identify the official statistical agency responsible for retail price index compilation in India.
The National Statistical Office (NSO), operating under the Ministry of Statistics and Programme Implementation (MoSPI), measures and publishes consumer price inflation.
Economic Survey indicators credit MoSPI/NSO for monthly CPI releases covering rural, urban, and combined sectors.

Key Concept

Releasing agencies for Indian price indices (CPI vs WPI)
Estimated Time:45s
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Topics

Economic Developments, Union & State Budgets, and Economic Surveys

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