Published on: December 15, 2021

WHOLESALE PRICE INFLATION

WHOLESALE PRICE INFLATION

Budapest I. kerület NEWS

Hoppers Crossing 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