Study on Determinants of Consumer Price Index

The aim of this paper is to study the impact of various Determinants on consumer price Index This paper will be based on the Secondary data that will be collected with the help of Official Websites of Reserve Bank of India. The data will be analyzed with the help of statistical tools Descriptive Statistics, Measure of Dispersion, Correlation and Regression. The CPI will be calculated by taking price changes for each item in the predetermined basket of goods and averaging them; the goods are weighted according to their importance. Changes in CPI will be used to assess price changes associated with the cost of living.