Friday, April 29, 2011

US and India on Food

Ajay Shah's blog has a post discussing a new CPI (consumer price index) for India.  What's interesting is the weighting

Sub Group New CPI
Rural Urban All India CPI IW
Food, beverages and tobacco 59.31 37.15 49.71 50.20
Fuel and Light 10.42 8.40 9.49 6.25
Clothing, bedding and footwear 5.36 3.91 4.73 13.28
Housing 0.00 22.53 9.77 5.33
Miscellaneous 24.91 28.00 26.31 24.94 


Don't know what the weights are for the U.S. but wikipedia gives this: They are weighted this way: Housing: 41.4%, Food and Beverage: 17.4%, Transport: 17.0%, Medical Care: 6.9%, Other: 6.9%, Apparel: 6.0%, Entertainment: 4.4%

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