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Price Statistics
Scheme for Improvement of Market Intelligence
A Scheme for improvement of Market Intelligence is being implemented for obtaining the necessary information from important Market Centres all over the State. The scheme requires rapid processing, analysing and presenting the price data in an appropriate manner so as to enable the Government to keep a careful day to day watch over the changing price situation and to take corrective measures whenever necessary. Market Intelligence pertains to information on Prices, Arrivals, Despatches, Stocks, Market sentiments etc., in respect of all important commodities for which large scale transactions takes place at 96 selected Centres in Tamil Nadu. Accurate price data and other market information are required for formulation of policies in matters relating to Price control, Price support, Fixation of prices during procurement, Construction of Cost of Living Indices and Wholesale, Rural and Urban Price Indices. The price data are also used in the estimation of State Income.
Methodology:
Wholetime technical Statistical personnel posted in the 96 Market Centres are entrusted with the task of collection of prices and to study market sentiments. The Price Collector collects data on Arrivals, Despatches and Stocks of commodities by verifying the records of the important merchants and millers, supplemented by tactful oral enquiries.
Wholesale and Retail prices are obtained by actually visiting the market during the peak marketing period of the day and observing a few major transactions supplemented with oral enquiries from several dealers in the market.
Consumer Price Index Numbers
The Consumer Price Index Numbers for Industrial Workers aims to measure the change over a period of time, in the Retail Prices of a fixed basket of Goods and Services consumed in the base year by an average working class family at a given Centre.
The Consumer Price Index are constructed under Central series and State series. 1.Chennai, 2.Coimbatore, 3.Madurai, 4.Tiruchirapalli, 5.Salem and 6. Coonoor comes under Central series while Cuddalore and Nagercoil comes under State series. The Consumer Price Index for Chennai Centre is compiled by this Department and sent to Director of Labour Bureau, Shimla for reconciliation every month, for which price quotations are collected from the selected two shops for nearly 65 commodities on weekly basis and for 69 commodities on monthly basis. The Director of Labour Bureau, Shimla compiles and releases the Consumer Price Index Numbers for Central series with base year 2001=100 with effect from January 2006.
The Consumer Price Index Number for Cuddalore and Nagercoil under State series with base 1982=100 is compiled and released every month by this Department for which prices are collected for 74 commodities on weekly basis and for 72 commodities on monthly basis.
On receipt of the release of the Consumer Price Index from the Director of Labour Bureau for Central series viz. Chennai, Coimbatore, Madurai, Tiruchy, Salem, and Coonoor as well as All India, it is sent to the Government and Private subscribers by this Department.
Wholesale Price Index Number for Tamil Nadu
The Wholesale Price Index for Tamil Nadu is compiled and released every month with base 1970-71=100. The Wholesale Price Index for Tamil Nadu covers 177 commodities (both Agricultural and Industrial Commodities) comprising 510 quotations in 41 Centres. The prices of Agricultural Commodities mostly collected from the Market Intelligence Centres and the prices of Industrial Commodities are collected directly from the Manufacturing concerns as well as from Assistant Director of Statistics, Chennai. The Wholesale Price Index sent to the Government and Private subscribers.
Consumer Price Index for Selected Essential Items in Rural Tamil Nadu
The Consumer Price Index for selected essential items in Rural Tamil Nadu are compiled and released every month by this Department with base 1970-71=100. The price details are collected in the prescribed proforma from 28 selected Rural Centres (68 commodities) in Tamil Nadu.
Consumer Price Index for Selected Essential Items in Urban Tamil Nadu
The Consumer Price Index for selected essential items in Urban Tamil Nadu are compiled and released every month by this Department with base 1970-71=100. The price details are collected in the prescribed proforma from 22 selected Urban Centres (114 commodities) in Tamil Nadu.