Economics • Indian EconomyEasy
Which of the following indices is compiled and released by the Ministry of Commerce and Industry to track the price movements of goods traded in the domestic wholesale market in India?
A. Consumer Price Index - Combined (CPI-C)
B. Wholesale Price Index (WPI)✓ Correct Answer
C. Producer Price Index (PPI)
D. Index of Industrial Production (IIP)
💡 Solution & Explanation
The Wholesale Price Index tracks price fluctuations of goods traded in the domestic wholesale market and is compiled by the Office of the Economic Adviser within the Ministry of Commerce and Industry. Other indices measure retail inflation or industrial production through different administrative departments. Inflation measurement indices are standard topics in economic surveys.
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