Cost of Living Index | Index Numbers | Class 11 Economics LIVE | Statistics for Economics

In this LIVE class, we will cover the Cost of Living Index, an important part of the chapter Index Numbers in Class 11 Economics. Students will understand how the cost of living index is constructed, why it is used, and how it measures changes in the standard of living. This topic is frequently asked in numerical questions, short answers, and case-based questions in CBSE exams. What will be covered: Meaning of Cost of Living Index (CLI) Purpose and significance of CLI Difference between Price Index and Cost of Living Index Steps in construction of Cost of Living Index Consumer Price Index (CPI) and its relation with CLI Numerical questions on CLI Uses of cost of living index in real life Board-style questions and PYQs This session is ideal for Class 11 CBSE students preparing for the 2025–26 Board Examination. Channel: Success Mantra for Class 11 and 12 Educator: CA Manish Kalra