Tracing the Price Index of Consumer Goods in USA |
Author(s): |
| R Kiruthiga , COIMBATORE INSTITUTE OF TECHNOLOGY; P Niveditha, COIMBATORE INSTITUTE OF TECHNOLOGY; S Vaishnavi, COIMBATORE INSTITUTE OF TECHNOLOGY |
Keywords: |
| Commodity Price Index, Consumer Price Analysis, Index Numbers |
Abstract |
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Controlling the market price of basic consumer goods or commodities is the primary objective of the governments all over the world. However the price hikes of the essential commodities capture the headlines of the national dailies and TVs almost every day. The poor general mass suffers the most due to these price hikes. Besides, it also hinders the growth and development of the country. Ultimately the goal of a welfare state is to control the prices of necessary commodities. Hence using price indices of the basic commodities, one could trace the inflation and deflation of prices of basic commodities and identify the reasons behind them and take steps for controlling the commodity price. |
Other Details |
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Paper ID: IJSRDV6I50466 Published in: Volume : 6, Issue : 5 Publication Date: 01/08/2018 Page(s): 1034-1036 |
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