What is wholesale price index number?

What is wholesale price index number?

The Wholesale Price Index (WPI) number is a measure of average wholesale price movement for the economy. 2.2 Changes in Definition of Wholesale Price Index Wholesale price is generally defined to capture all bulk transactions of goods carried out in the domestic market.

How is WPI calculated?

WPI= (Current Price / Base Period Price) × 100 The total price of goods in the base year is INR 2,000. Now, with the help of this formula, we will calculate the WPI index.

What is current WPI rate in India?

The rate of inflation based on WPI Food Index decreased from 9.55% in January, 2022 to 8.47% in February, 2022.

What is WPI and CPI?

WPI vs CPI. 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.

WHO calculates CPI WPI?

WPI data is published by the Office of Economic Adviser, Ministry of Commerce and Industry, while CPI data is published by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI).

What is difference between CPI and PPI?

There are two inflationary measures in our economy, the Consumer Price Index (CPI) and the Producer Price Index (PPI). CPI is a measure of the total value of goods and services consumers have bought over a specified period, while PPI is a measure of inflation from the perspective of producers.

What is current PPI?

US Producer Price Index is at a current level of 136.65, up from 134.80 last month and up from 122.90 one year ago.

What is WPI inflation rate?

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.

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