WPI INFLATION
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WPI INFLATION
Subject: Economics
Context : Official data released on Thursday showed inflation, as measured by the wholesale price index (WPI), accelerated to 7.4% in March, higher than the 27-month high of 4.2% in February.
Concept:
Wholesale Price Index (WPI)
- The Wholesale Price Index represents the price of a basket of wholesale goods. WPI focuses on the price of goods that are traded between corporations. It does not concentrate on goods purchased by the consumers.
- The main objective of WPI is monitoring price drifts that reflect demand and supply in manufacturing, construction and industry.
- WPI helps in assessing macroeconomic as well as microeconomic conditions of an economy.
