Economics • Indian EconomyEasy
Which of the following indices is compiled and released by the Ministry of Commerce and Industry to track wholesale price movements in India?
A. Consumer Price Index for Industrial Workers (CPI-IW)
B. Wholesale Price Index (WPI)✓ Correct Answer
C. Index of Industrial Production (IIP)
D. Consumer Food Price Index (CFPI)
💡 Solution & Explanation
The Wholesale Price Index is compiled and published monthly by the Office of the Economic Adviser within the Ministry of Commerce and Industry to gauge raw material and bulk price shifts. Consumer-focused price indexes are released separately by other statistical bodies. Economic indicators and their publishing ministries form essential components of Indian economy syllabi.
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