Current Status. 11.4.1 The Wholesale Price Index (WPI) series with base 1993-94 is compiled by the Office of Economic Adviser (OEA), Ministry of Industry, on a weekly basis, based on the price quotations collected by the official as well as non-official source agencies in respect of 435 selected items and commodities identified in the basket of the index. Wholesale price index comprises as far as possible all transactions at first point of bulk sale in the domestic market. Provisional monthly WPI for All Commodities is released on 14th of every month (next working day, if 14th is holiday). The wholesale price index (WPI) is based on the wholesale price of a few relevant commodities of over 240 commodities available. The commodities chosen for the calculation are based on their importance in the region and the point of time the WPI is employed. For example in India about 435 items were used for calculating the WPI in base year 1993-94 while the advanced base year 2011-12 uses 697 items.. Currently the base year has been revised from 2004-05 to 2011-12 by the Office of Economic As recorded history goes, Wholesale Price Indices for India have been published from the period of the Second World War. The first Economic Adviser to the Government of India in pre-Independence India, Sir Theodore E.G. Gregory (period 1937-1946) had started the ‘quick’ series, using the week ended August 19 1939 as base, and computed the Index from the week commencing January 10, 1942. Wholesale Price Index India: Difference Between WPI and CPI. After 2014, the Reserve Bank of India switched to Consumer Price Index (CPI) and no longer uses WPI for its policy purposes including the setting of repo rate. CPI measures the average price that households pay for a basket of different goods and services and it is used as a key The Wholesale Price Index (WPI) reports the change in the price of goods sold by wholesalers across India. The higher this number is the stronger the affect on consumer inflation. A reading that is stronger than forecast is generally supportive (bullish) for the INR, while a weaker than forecast reading is generally negative (bearish) for the INR.
9 Sep 2009 India's oldest economic indicator, the wholesale price index (WPI), is all set for a makeover. The WPI, India's most-watched inflation indicator,
14 Sep 2018 On a year-on-year basis, the Wholesale Price Index (WPI) furnished by the Ministry of Commerce and Industry was higher than 3.24 per cent 11 Jun 2018 Due to its limited focus towards the price of goods traded between corporations, rather than goods bought by consumers, India adopted new CPI India’s Wholesale Price Index (WPI) data is updated monthly, averaging 113.200 2011-2012=100 from Apr 2012 to Feb 2020, with 95 observations. The data reached an all-time high of 123.000 2011-2012=100 in Dec 2019 and a record low of 104.700 2011-2012=100 in Apr 2012. Wholesale price index (WPI): Get latest updates on India's WPI and inflation rate. India's WPI inflation rose to 8 months high of 3.1% YoY in January 2020. It is the third consecutive month of rise seen at the wholesale level prices and is in line with the rise in CPI inflation, which has breached the RBI's tolerance level for the second consecutive month in January. In India, the wholesale price index (WPI) is the main measure of inflation. The WPI measures the price of a representative basket of wholesale goods. In India, wholesale price index is divided into three groups: Fuel and Power (13.2 percent), Primary Articles (22.6 percent of total weight) and Manufactured Products (654.2 percent).
Wholesale Price Index (WPI) : This index is the most widely used inflation indicator in India. This is published by the Office of Economic Adviser, Ministry of Commerce and Industry. WPI captures price movements in a most comprehensive way.
How is WPI (Wholesale Price Index) calculated? did the RBI suddenly switch from WPI to CPI for the monitoring of inflation for fixing interest rates in India? 15 May 2017 The Wholesale Price Index (WPI) series in India has undergone six revisions in 1952-53, 1961-62, 1970-71, 1981-82, 1993-94 and 2004-05 so The data is categorized under Global Database's India – Table IN.IH057: Wholesale Price Index: 2004-05=100. Rebased from 2004-05=100 to 2011-12= 100 17 Sep 2019 India's wholesale price index (WPI)-based inflation remained unchanged at 1.08 % in August as inflation for manufactured items fell to 0%. 14 Feb 2020 The annual inflation, based on monthly wholesale price index (WPI), was at 59 per cent in January, surpassing the Reserve Bank of India's
14 Nov 2019 In October 2019, India's wholesale price index (WPI)-based inflation dropped to a 40-month low at 0.16 per cent. The same month, the
The Wholesale Price Index (WPI) is the price of a representative basket of wholesale goods. Some countries (like the Philippines) use WPI changes as a central measure of inflation. But now India has adopted new CPI to measure inflation. GOVERNMENT OF INDIA, MINISTRY OF COMMERCE & INDUSTRY The new series of Wholesale Price Index(WPI) with base 2011-12 is effective from April India Wholesale Price Index Change1969-2020 Data | 2021-2022 Forecast | Calendar. Summary; Calendar; Forecast; Stats; Alerts Wholesale price index comprises as far as possible all transactions at first point of bulk sale in the Get Macro Economic Indicators Summary Statistics of India. Wholesale price index comprises as far as possible all transactions at first point Data Portal: 18/08/2017; Source: Open Government Data (OGD) Platform India. 15 Feb 2020 Wholesale Price Index (WPI) represents the price of representative commodity basket of 697 items at the wholesale level, i.e. goods traded in bulk
14 Feb 2020 The annual inflation, based on monthly wholesale price index (WPI), was at 59 per cent in January, surpassing the Reserve Bank of India's
Current Status. 11.4.1 The Wholesale Price Index (WPI) series with base 1993-94 is compiled by the Office of Economic Adviser (OEA), Ministry of Industry, on a weekly basis, based on the price quotations collected by the official as well as non-official source agencies in respect of 435 selected items and commodities identified in the basket of the index.