Question: Report on Wholesale Price Index (WPI) in India is published by-
(a)Office of Economic Advisor
(b)Central Statistics Office
(c)Securities and Exchange Board of India
(d)Ministry of Finance
Answer: (a)
Related Facts:-
- For the month of July, 2018; the official Wholesale Price Index (WPI) for ‘All Commodities’ (Base: 2011-12=100) increased to 7 from 119.2(from previous month) by registering 0.4 percent growth.
- It is to be noted that the annual rate of inflation, based on monthly WPI, remained at 09% (provisional) for the month of July, 2018 (over July, 2017) as compared to 5.77% (provisional) for the month before and 1.88% during the same month last year.
- Build up inflation rate in the financial year so far was 92% compared to a build up rate of 0.62% in the same period last year.
About WPI:-
- Wholesale Price Index (WPI) generally used for the price index which measures the price alteration in the wholesale of the goods i.e. at the initial stage of the deal, when the goods are bought by one trading company from another to resale these goods.
- The items in WPI are classified into three main groups: Primary Articles, Fuel & Power and, Manufactured Products.
- Wholesale Price Index (WPI) is published by the Office of Economic Advisor a government body which comes under the Ministry of Commerce and Industry.
- Only the prices of goods or commodities come under the purview of WPI.
References:-
http://pib.nic.in/newsite/PrintRelease.aspx?relid=181875