What is the current wholesale price index of India?

What is the current wholesale price index of India?

Final index for the month of December 2021 (Base Year: 2011-12=100): For the month of December, 2021 the final Wholesale Price Index and inflation rate for ‘All Commodities’ (Base: 2011- 12=100) stood at 143.3 and 14.27% respectively.

How do I find my WPI index?

WPI= (Current Price / Base Period Price) × 100 Suppose, the total price of goods in the current year (2016) is INR 3,500. To calculate the change in prices, we consider 2010 as the Base Year. The total price of goods in the base year is INR 2,000.

Who published wholesale price index in India?

Economic Adviser
The WPI is published by the Economic Adviser in the Ministry of Commerce and Industry.

When was WPI introduced India?

During a spring cleaning exercise in July 2014, a few registers of pre-Independence period, containing information on wholesale price for select items and wholesale price index were discovered. The earliest register was for the year 1915 containing wholesale prices for Calcutta, and also Wholesale Price Indices.

What is India’s wholesale price 2020?

For the month of March, 2020 the final Wholesale Price Index and inflation rate for ‘All Commodities’ (Base: 2011-12=100) stood at 120.4 as compared to provisional figure121. 1 and WPI based rate of inflation stood at 0.42% as compared to its provisional levels of 1.00% reported on 14.04. 2020.

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 current WPI?

13.11. percent. Feb 2022. India Wholesale Price Index Change. In India, the wholesale price index (WPI) is the main measure of inflation.

Which is better CPI or WPI?

Mainly WPI focus on prices of goods traded between business houses whereas CPI focuses on prices of goods purchased by consumers. As CPI provides more clarity about inflation and its economy on the overall economy hence CPI is widely used for calculating inflation as compared to WPI. So, monetary policy.

What is CPI and Wholesale Price Index?

Consumer Price Index:

Wholesale Price Index (WPI)	Consumer Price Index (CPI)
It is a measure of the average change in the prices of goods in the wholesale market or at the wholesale level.	It is a measure of change in the retail price of goods and services consumed by a population of an area in a base year.