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Q3 (UPPCS/2021) Economy › Money, Banking & Inflation

Which of the following Institution/Office bring out the Wholesale Price Index (WPI) data in India ?

Result
Your answer: —  Â·  Correct: B

Explanation

The Wholesale Price Index (WPI) in India is compiled and released by the Office of the Economic Adviser (OEA), which is part of the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry. WPI tracks the changes in the prices of goods sold and traded in bulk by wholesale businesses to other businesses. It is released on a monthly basis and serves as a key indicator for measuring inflation at the producer level. The current base year for the WPI series is 2011-12. Conversely, the Consumer Price Index (CPI), which measures inflation at the retail level, is released by the National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI).

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SIMILAR QUESTIONS

IAS · 2001 · Q9 Relevance score: 4.12

The new series of Wholesale Price Index (WPI) released by the Government of India is with reference to the base prices of

CDS-II · 2009 · Q86 Relevance score: 3.97

Consider the following statement about wholesale Price index (WPI) I. It captures the price movement extensively and is, therefore, taken as an indicator of inflation. II. The office of the Economic adviser (OEA) is entrusted with the function of compilation and publication of the weekly wholesale price index number in India. Which of the statements given above is/are cocrrect?

IAS · 2010 · Q115 Relevance score: 3.66

With reference to India, consider the following Statements: 1. The Wholesale Price Index (WPI) in India is available on a monthly basis only 2. As compared to Consumer Price Index for Industrial Workers (CPI (IW)), the WPI gives less weight to food articles. Which of the statements given above is/are correct?

IAS · 2015 · Q29 Relevance score: 3.01

Which of the following brings out the 'Consumer Price Index Number for Industrial Workers'?

IAS · 2020 · Q37 Relevance score: 2.64

Consider the following statements : 1. The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI). 2. The WPI does not capture changes in the prices of services, which CPI does. 3. Reserve Bank of India has now adopted WPI as its key measure of inflation and to decide on changing the key policy rates. Which of the statements given above is/are correct ?