From the data given below find out the consumer price index numbers for- the year 1997 and 1998. Group: Weight Group indices for 1997 Group indices for 1998 Food Clothing Fuel Rent Miscellaneous 58 8 10 17 110 120 110 100 110 130 120 130 100 140 Is it sufficient to increase the wages by 10% in 1998 ?

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From the data given below find out the consumer price index numbers fa
the year 1997 and 1998.
Group :
Weight Group indices
for 1997
Group indices for 1998
Food
Clothing
Fuel
Rent
Miscellaneous
58
8.
7
10
17
110
120
110
100
110
130
120
130
100
140
Is it sufficient to increase the wages by 10% in 1998 ?
Transcribed Image Text:From the data given below find out the consumer price index numbers fa the year 1997 and 1998. Group : Weight Group indices for 1997 Group indices for 1998 Food Clothing Fuel Rent Miscellaneous 58 8. 7 10 17 110 120 110 100 110 130 120 130 100 140 Is it sufficient to increase the wages by 10% in 1998 ?
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