Data released by the government on Monday showed that wholesale inflation in India rose to 13.11% in February. Data released by the government on Monday showed that wholesale inflation in India rose to 13.11% in February. It had moderated to 12.96% in January 2022 after rising to 13.56% in December 2021.

What is the current WPI inflation rate in India?

Data released by the government on Monday showed that wholesale inflation in India rose to 13.11% in February. Data released by the government on Monday showed that wholesale inflation in India rose to 13.11% in February. It had moderated to 12.96% in January 2022 after rising to 13.56% in December 2021.

Who compiles WPI in India?

the Ministry of Commerce and Industry
The WPI is published by the Economic Adviser in the Ministry of Commerce and Industry. The Wholesale Price Index focuses on the price of goods traded between corporations, rather than the goods bought by consumers, which is measured by the Consumer Price Index.

Does India use WPI to measure inflation?

India uses changes in the CPI to measure its rate of inflation. The WPI measures the price of a representative basket of wholesale goods.

How often is WPI released in India?

1. The Wholesale Price Index (WPI) in India is available on a monthly basis only.

WHO released WPI data in India?

the Ministry of Commerce & Industry
India Wholesale Price Index (WPI) Data: The wholesale inflation across the country rose to 13.11 per cent in February, data released by the Ministry of Commerce & Industry showed.

What is WPI data?

A wholesale price index (WPI) measures and tracks the changes in the price of goods before they reach consumers: goods that are sold in bulk and traded between entities or businesses (rather than consumers). Wholesale price indexes (WPIs) are one indicator of a country’s level of inflation.

What is WPI Upsc?

The Wholesale Price Index (WPI) is an important index necessary for calculating inflation in a country. The Office of the Economic Adviser in the Department of Industrial Policy and Promotion, Ministry of Commerce & Industry is responsible for compiling WPI and releasing it.

What is CPI and WPI inflation?

The two most-often used inflation rates in the country are the year-on-year. > the wholesale price index (WPI) based inflation rate and. > the consumer price index (CPI) based inflation rate. The former is called the wholesale inflation rate and the latter is called the retail inflation rate.

What is CPI inflation rate?

The Consumer Price Index measures the average change in prices over time that consumers pay for a basket of goods and services. It is the most widely used measure of inflation.

What is the difference between WPI and CPI inflation?

WPI measures the average change in prices of goods at the wholesale level while CPI calculates the average change in prices of goods and services at retail level. Recently, inflation indices WPI (Wholesale Price Index) and CPI (Consumer Price Index) had made the news because of inflation.

What is CPI and WPI economics?

> the wholesale price index (WPI) based inflation rate and. > the consumer price index (CPI) based inflation rate. The former is called the wholesale inflation rate and the latter is called the retail inflation rate. Both WPI and CPI are price indices.

Which table gives the rate of inflation based on WPI?

rates based on WPI is given in table number 3. The yearly rates of inflation, based on CPI since 1970s is also given in table number 4. The 5 yearly average rates of inflation since 1950s wit the range of inflation is given in the table number 2. Table No. 3: Wholesale Price Inflation in India (Average).

What is wholesale price index (WPI)?

In India, the wholesale price index (WPI) is the main measure of inflation. The WPI measures the price of a representative basket of wholesale goods. In India, wholesale price index is divided into three groups: Fuel and Power (13.2 percent), Primary Articles (22.6 percent of total weight) and Manufactured Products (64.2 percent).

What is the current wholesale price inflation in India?

India’s annual wholesale price inflation accelerated to 3.18 percent year-on-year in March 2019 from 2.93 percent in the previous month and in line with market expectations.

What is the difference between CPI and WPI?

Most developed countries use the Consumer Price Index (CPI) to calculate inflation, also called as the Retail Price Index. The WP I is said to have been first published in 1902, replaced in most developed countries by the Consumer Price I ndex in the 1970s. WPI is the index that is