IMPACT OF COVID-19 ON CONSUMER PRICE INDEX IN INDIA

COVID 19 has turned the world upside down. The economic system is deeply wounded due to this pandemic. It is an unparalleled challenge for India due to its large population. The purpose of the study is to examine the impact of COVID 19 on the Consumer Price Index. The study was conducted for seven sub groups of CPI in India. Secondary data for the period of four months of Jan. to April 2020 was used for this research based on price movements. The objective of this study is to find out the impact of COVID 19 on CPI. It is the most important measure for inflation. Researchers have taken pre and post COVID 19 periods to measure effect on CPI. The study concluded that there is a significant difference between pre and post period price movements in selected subgroups.

 

KEYWORDS: COVID 19, Consumer Price Index, Secondary Data, CPI, Macro Economic Indicator.


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