Author : Sarika Y. Thakare 1
Date of Publication :12th April 2018
Abstract: This research paper deals with the comparative study of rise in the prices of various commodities which are very commonly used in India. The rise in prices are studied for past twelve years i.e. from the year 2005 to 2016. For this, some commonly used food grains such as rice, wheat, jowar and bajra are studied for their variations in the prices year wise. Also the most popular and required types of vegetable such as onion, tomato and potato are considered for comparative study of fluctuations in prices. This research paper also gives the behavioral changes in the prices of the mostly desired fruits such as banana, apple, mango and orange. To study all about these, Index numbers are used which is a useful way of expressing economic data time series and comparing commodities. With the help of time series analysis and index number theory, it is tried to study the comparative variations among the prices of various products which are very important in our day to day life. In this paper, an attempt is made to study the inflation rate, reasons behind the fluctuations and its impact on farmers and customers. Also it is tried to study whether these variations are very significant or not.
Reference :
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