Which one of the following statements best reflects the most logical, rational and crucial message conveyed by the passage ?
- (a) We must use WPI exclusively in measuring price rise and CPI should be done away with.
- (b) The present calculation of inflation rate does not correctly measure price rise of individual item/commodity. ✓ UPSC's answer
- (c) Inflation data under-presents services in the consumption basket.
- (d) Knowledge of inflation rate is not really of any use to anybody in the country.
Why the answer is (b)
• The passage states that a single inflation number is an aggregate that assigns weights to different commodities and services.
• It highlights that price rises differ for individual items, meaning the aggregate figure masks specific variations.
• The text emphasizes that consumption baskets vary significantly across income groups (poor, middle, rich), requiring different CPI calculations.
• Therefore, the core message is that the single, composite inflation rate fails to accurately reflect the price rise of any specific individual item or commodity.
• This aligns with option (b), which identifies the limitation of the present calculation method regarding individual items.
Why the other options are wrong
- (a) We must use WPI exclusively in measuring price rise and CPI should be done away with.
- The passage does not advocate for the exclusive use of WPI or the abolition of CPI; it only explains the methodological differences between them.
- (c) Inflation data under-presents services in the consumption basket.
- The passage makes no mention of services being under-presented in the consumption basket; it only notes that weights are assigned to different items.
- (d) Knowledge of inflation rate is not really of any use to anybody in the country.
- The passage does not claim that inflation data is useless; it merely explains the technical limitations of using a single aggregate number for diverse consumption patterns.
Asked in the CSAT Paper II of the UPSC Civil Services Preliminary Examination 2025, held on 25 May 2025. Question and answer key: Union Public Service Commission. Explanation: UPSC Answer Check.