What is the primary indicator used to measure the general increase in the price level of consumer goods and services purchased by households in Sikkim?

💡 Solution & Explanation

Consumer Price Index measures the average change over time in the prices paid by urban and rural households for a representative basket of consumer goods and services. The Wholesale Price Index tracks prices at the producer or wholesale stage rather than retail consumption. Consumer Price Index is the standard benchmark utilized for retail inflation tracking across Indian states.