The Wholesale Price Index, or WPI, measures the change in prices of goods that wholesale businesses sell to and trade in bulk with other companies. Unlike the CPI, which tracks prices of goods and services purchased by consumers, WPI tracks factory gate prices before retail prices.
The Indian government released the wholesale price index (WPI) data for December on Wednesday, January 14. The December WPI came in at 0.83%. The government attributes the positive rate of inflation to an increase in prices of other manufacturing, minerals, manufacture of machinery and equipment, manufacture of food products and textiles, etc.
The Wholesale Price Index, or WPI, measures the change in prices of goods that wholesale businesses sell to and trade in bulk with other companies. Unlike the CPI, which tracks prices of goods and services purchased by consumers, WPI tracks factory gate prices before retail prices.
The Wholesale Price Index, or WPI, measures the change in prices of goods that wholesale businesses sell to and trade in bulk with other companies. Unlike the CPI, which tracks prices of goods and services purchased by consumers, WPI tracks factory gate prices before retail prices.
