WebFeb 14, 2024 · Inter-ministerial consultations are progressing on revising the Wholesale Price Index (WPI) base year from 2011-12 to 2024-18, a top government official has said. Revising base year to 2024-18 for computation of wholesale inflation would help in presenting a more realistic picture of the price situation in the country. WebThe WPI measures the price of a representative basket of wholesale goods. In India, wholesale price index is divided into three groups: Primary Articles (22.6 percent of total …
Important Index Numbers: CPI, WPI, IPI with Videos and Solved …
WebIn 2013, the consumer price index replaced the wholesale price index (WPI) as a main measure of inflation. In India, the most important category in the consumer price index is Food and beverages (45.86 percent of total weight), of which Cereals and products (9.67 percent), Milk and products (6.61 percent), Vegetables (6.04 percent), Prepared meals, … WebWholesale Price Index (WPI) WPI Press Release; WPI Download Data. Download Data (2011-12 Series) Download Data (2004-05 Series) Download Data (1993-94 Series) Download Data (1981-82 Series) Download Data (1970-71 Series) Download Data (1961-62 Series) Download Data (1952-53 Series) Revision of WPI Series (2004-05) WPI Linking … crypto trading experts
Inter-ministerial consultations in progress on revising WPI …
WebWPI is average price changes of goods that are traded in the wholesale market. It is a weekly measure of wholesale price movement of the economy. It includes only the prices … WebMar 5, 2024 · The base year for the WPI index has been revised for the seventh time from the earlier 2004-2005 to 2011-12 to better capture changes in the economy. The measure of wholesale price gains is the key deflator in computing the Index of Industrial Production and is also used to deflate Gross Domestic Product at current prices. WebThe government switched to a new base year of 2011-12 for national accounts in January 2015, replacing the previous base year of 2004-05. With the switch to the new base … crypto trading fee comparison