Difference between WPI and CPI
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Five National Indices |
In the Indian context, 5 national indices are accounted for inflation measure. |
That Enclude WPI and other four CPI indices |
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WPI |
WPI index reflects average price changes of goods that are bought and sold in the wholesale market.WPI in India is published by the Office of Economic Adviser, Ministry of Commerce and Industry. |
Remember This: The data for WPI is monitored and updated on a weekly basis taking into account all the items that form the index. |
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Computing the WPI |
The various commodities taken into consideration for computing the WPI can be categorized into primary article, fuel and power, and manufactured goods. |
Primary Articles: .... |
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