Best IAS/PCS Coaching in Lucknow

Current Affairs

Prepare IAS Coaching

Current Affairs


Date : Dec 17, 2021

Description :



Topic à Indian Economy



  • About the WPI:


  • It tracks variations in the prices of commodities sold and traded in bulk by wholesalers to other merchants.
  • The Ministry of Commerce and Industry's Office of Economic Adviser publishes this report.
  • In India, it is the most extensively used inflation indicator.
  • The general population does not buy things at wholesale prices, which is a major critique of this index.
  • In 2017, the base year of the All-India WPI was changed from 2004-05 to 2011-12.


  • Difference between CPI & WPI:


  • The Consumer Price Index (CPI) and the Wholesale Price Index (WPI) are two different types of inflation.
  • WPI measures inflation at the production level, while CPI measures price fluctuations at the consumer level.
  • WPI does not account for changes in service pricing, but CPI does.


  • Source à The Hindu à 15/12/21 à Page Number 1


Tags : inflation, The Ministry of Commerce and Industry

Subscribe Daily newsletter