Question

What are the uses of Wholesale Price Index ?​

Answer 1

Answer:

The main uses of WPI are the following: to provide estimates of inflation at the wholesale transaction level for the economy as a whole. This helps in timely intervention by the Government to check inflation in particular, in essential commodities, before the price increase spill over to retail prices.

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Answer 2

Answer:

• it provide estimates of inflation at the wholesale transaction level for the economy as a whole.
• It assesses situations of overall demand and supply in the market.
• Used to measure the rate of inflation in the economy