WHOLESALE PRICE INDEX (WPI)

WHOLESALE PRICE INDEX (WPI) :
- The Wholesale Price Index (WPI) is the index used to measure the change in the average price level of goods traded in wholesale market.
- A total of 435 commodity prices make up the index.
- It is available on a weekly basis.
- It is generally taken as an indicator of the inflation rate in the makers until it was replaced by the the Producer Price Index (PPI) in 1978.