Wholesale Price Index:
Inflation in India’s wholesale prices rose to a 13-month high of 1.26% in April, owing to an uptick in food inflation and a 1.4% year-on-year rise in fuel and power prices after several months of deflation.
- Wholesale Price Index (WPI) measures the changes in the prices of goods sold and traded in bulk by wholesale businesses to other businesses.
- It is calculated and published by the Office of Economic Advisor, Department of Industrial Policy and Promotion in the Ministry of Commerce and Industry.
- WPI data is published monthly, with the index value representing an estimate of the price level for the month as a whole, rather than a specific date.
- Analysts use the numbers to track the supply and demand dynamics in industry, manufacturing, and construction.\
- An upward surge in the WPI indicates inflationary pressure in the economy, and vice versa.
- The quantum of rise in the WPI month-after-month is used to measure the level of wholesale inflation in the economy.
