Q17.What is consumer price index number?
Q18. What is wholesale price index number?
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17 . A consumer price index measures changes in the price level of a weighted average market basket of consumer goods and services purchased by households. A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically.
18 . A wholesale price index (WPI) is an index that measures and tracks the changes in the price of goods in the stages before the retail level. ... Usually expressed as a ratio or percentage, the WPI shows the included goods' average price change; it is often seen as one indicator of a country's level of inflation.Aug 1, 2020
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