Question

How is wholesale price index different from Consumer Price Indices?

Answer 1

Answer:

. Wholesale Price Index helps in measuring the average change in prices received on bulk sale of goods. On the other hand, Consumer Price Index is one that computes the changes in the general price level of a class of consumer goods....

Explanation:

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Answer 2

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➜ Wholesale price index includes all goods(capital goods and consumer goods) and changes in their wholesale rates.

➜ Whereas the consumer price index measure only changes in price of a few selected consumer goods at the retail price.

➜ However, the increase in whole sale price index leads to increase in the price of consumer goods.

➜ Inflation is generally measured on the basis of change in wholesale price index.