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The WPI index helps in analyzing both macroeconomic and microeconomic conditions. The WPI inflation has remained in the negative zone for the entire year of 2015 owing to the weak global prices of oil. The wholesale prices fell by 5.1% in August 2015, the highest fall of all time.
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Current Status. 11.4.1 The Wholesale Price Index (WPI) series with base 1993-94 is compiled by the Office of Economic Adviser (OEA), Ministry of Industry, on a weekly basis, based on the price quotations collected by the official as well as non-official source agencies in respect of 435 selected items and commodities identified in the basket of the index.
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Wholesale Price Index India: Difference Between WPI and CPI. After 2014, the Reserve Bank of India switched to Consumer Price Index (CPI) and no longer uses WPI for its policy purposes including the setting of repo rate. CPI measures the average price that s pay for a basket of different goods and services and it is used as a key ...
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The Wholesale Price Index (WPI) is an important index necessary for calculating inflation in a country. In this article, you can understand what is this index and how it is important for the IAS Exam – Indian Economy syllabus which comes under General Studies Paper-3 section in the UPSC Syllabus.. The rate of inflation based on WPI Food Index increased from 5.28% in March, 2021 to 7.58% in ...
Producer Prices Change in India averaged 6.87 percent from 1969 until 2021, reaching an all time high of 34.68 percent in September of 1974 and a record low of -11.31 percent in May of 1976. This page provides the latest reported value for - India Wholesale Price Index Change - plus previous releases, historical high and low, short-term ...
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The Wholesale Price Index (WPI) series in India has undergone six revisions in 1952-53, 1961-62, 1970-71, 1981-82, 1993-94 and 2004-05 so far. The base year of All-India WPI has been revised from 2004-05 to 2011-12 on 12 May 2017 to align it with the base year of other macroeconomic indicators like the Gross Domestic Product (GDP) and Index of ...
Wholesale Price Index of petrol in India FY 2013-2021. Published by Statista Research Department, Aug 16, 2021. The Wholesale Price Index of petrol across India …
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The value for Wholesale price index (2010 = 100) in India was 133.60 as of 2018. As the graph below shows, over the past 58 years this indicator reached a maximum value of 133.60 in 2018 and a minimum value of 3.10 in 1960. Definition: Wholesale price index refers to a mix of agricultural and industrial goods at various stages of production and ...
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