the Ministry of Commerce and Industry.
The WPI is published by the Economic Adviser in the Ministry of Commerce and Industry. The Wholesale Price Index focuses on the price of goods traded between corporations, rather than the goods bought by consumers, which is measured by the Consumer Price Index.
Who published CPI in India?
Ministry of Statistics and Programme Implementation
The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) is releasing All India Consumer Price Index (CPI) on Base 2012=100 and corresponding Consumer Food Price Index (CFPI) for Rural (R), Urban (U) and Combined (C) for the month of March 2022 (Provisional) in this press note.
WHO releases CPI WPI?
Published by the Office of Economic Adviser, Ministry of Commerce and Industry. It is the most widely used inflation indicator in India. Major criticism for this index is that the general public does not buy products at wholesale price. The base year of All-India WPI has been revised from 2004-05 to 2011-12 in 2017.
Who compiles WPI in India?
Ministry of Commerce & Industry
1 The Office of the Economic Adviser in the Department of Industrial Policy and Promotion, Ministry of Commerce & Industry is responsible for compiling WPI and releasing it.
Does India use WPI or CPI?
India uses changes in the CPI to measure its rate of inflation. The WPI measures the price of a representative basket of wholesale goods.
WHO publishes CPI Al?
While the first three are compiled and released by the Labour Bureau in the Ministry of Labour, the fourth one is released by the Central Statistical Organisation in the Ministry of Statistics and Programme Implementation.
Which inflation index is released by NSO?
the Consumer Price Index (CPI)-
The retail inflation rate in India – measured by the Consumer Price Index (CPI)- came in at 6.07% in February 2022, as per data released by the National Statistical Office (NSO) on Friday.
WHO released WPI data in India?
the Ministry of Commerce & Industry
India Wholesale Price Index (WPI) Data: The wholesale inflation across the country rose to 13.11 per cent in February, data released by the Ministry of Commerce & Industry showed.
WHO calculates inflation India?
the Ministry of Statistics and Programme Implementation
Two different government agencies, namely the Ministry of Statistics and Programme Implementation (MOSPI) and the Ministry of Labour and Employment, publish a number of consumer price indices (Table 2). Each index has its own set of weights and the base period used varies across measures.
What is India’s current WPI?
WPI Food Index (Weight 24.38%): The Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group have increased from 167.3 in March, 2022 to 172.9 in April, 2022.
Which inflation index is released by NSO in India?
All India Consumer Price Index (CPI)
The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) is releasing All India Consumer Price Index (CPI) on Base 2012=100 and corresponding Consumer Food Price Index (CFPI) for Rural (R), Urban (U) and Combined (C) for the month of April 2022 (Provisional) in this press note.
What is CPI and WPI Upsc?
The Consumer Price Index (CPI) and the Wholesale Price Index (WPI) are used as a measure of inflation at the retail level and manufacturing level respectively.
How many commodities are there in WPI basket?
The index basket of the WPI covers commodities falling under the three major groups namely Primary Articles, Fuel and Power and Manufactured products.
Wholesale Price Index (WPI)
| WPI (Base2004-05) for 2011-12 | Linking Factor | |
|---|---|---|
| All Commodities | 156.1 | 1.561 |
| Primary articles | 200.3 | 2.003 |
| Fuel & Power | 169.0 | 1.690 |
| Manufactured Products | 139.5 | 1.395 |
WHO calculates GDP in India?
The Central Statistics Office
The Central Statistics Office coordinates with various federal and state government agencies and departments to collect and compile the data required to calculate the GDP and other statistics.
Does India use PPI?
The Producer Price Index hasn’t been in use in India yet, but Niti Aayog has created a roadmap to introduce it soon. The Wholesale Price Index is the index used to measure the changes in the average price level of goods traded in wholesale market.
Who decides inflation rate?
The Federal Reserve is the central bank of the U.S., and the Fed—like central banks around the world—is tasked with maintaining a stable rate of inflation. The Federal Open Markets Committee (FOMC) has determined that an inflation rate around 2% is optimal employment and price stability.
What is All India Consumer Price Index?
| Index Numbers | ||
|---|---|---|
| Index Number | Base Year | All India General Index |
| Consumer Price Index Numbers for Industrial Workers – CPI(IW) | 2016=100 | 125.0 |
| August 2020 | ||
| Consumer Price Index Numbers for Industrial Workers – CPI(IW) | 2001=100 | 338 |
What is core inflation Upsc?
Core Inflation refers to changes in the prices of products and services, excluding those in the food and energy sectors. These items are not included in our estimate of inflation since their prices are unpredictable. For the UPSC IAS Exam, it’s critical to understand the differences between various types of inflation.
What is WPI and CPI?
Wholesale Price Index (WPI) and Consumer Price Index (CPI) are two commonly used measures that are effective in determining the inflation in the country. WPI or Wholesale Price Index is an indicator that is used to determine the changes in the price occurring in case of goods available for wholesale in the market.
WHO releases retail inflation data in India?
India’s retail inflation surged to a 17-month high of 6.95% in March from 6.07% in the previous month due to a sharp increase in food prices, the National Statistical Office (NSO) data showed.
What is inflation by Drishti IAS?
Inflation refers to the rise in the prices of most goods and services of daily or common use, such as food, clothing, housing, recreation, transport, consumer staples, etc. Inflation measures the average price change in a basket of commodities and services over time.
