NEWS

Wholesale price inflation spikes in India to a record as food, fuel surge

ABOUT

Wholesale price inflation is measured by Wholesale price Index

WPI

• Measures the changes in the prices of goods sold and traded in bulk by wholesale businesses to other businesses.
• Published by the Office of Economic Adviser, Ministry of Commerce and Industry.
• Most widely used inflation indicator in India.
• Major criticism for this index is that the general public does not buy products at wholesale price.
• The base year of All-India – 2011-12