What is Wholesale Price Index(WPI)?
The Wholesale Price Index
(WPI) is the index used to measure the changes in the average price level of
goods traded in wholesale market. A total of
435 commodity prices make up the index. It is available on a weekly
basis. It is generally taken as an indicator of the inflation rate in
the Indian economy. The Indian Wholesale Price Index (WPI) was
first published in 1902, and was used by policy makers until it was replaced by
the Producer Price Index (PPI) in 1978
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