Part of: Prelims and GS -III – Economy
Context Inflation in wholesale prices resurged to 11.39% in August, staying in the double digits for the fifth month in a row.
Key inflation data
- Inflation in manufactured products: 11.4%
- Inflation in manufactured products: 26.1%
- Food price inflation: 3.43%
- LPG, petrol and diesel inflation: 48.1%, 61.5% and 50.7% respectively
The Difference between WPI and CPI
|Context||WPI (Wholesale Price index)||CPI (consumer price index)|
|Definition||Amounts to the average change in prices of commodities at the wholesale level.||Indicates the average change in the prices of commodities at the retail level.|
|Publishing office||Office of Economic Advisor (Ministry of Commerce & Industry)||Central Statistics Office (Ministry of Statistics and Programme Implementation) & Labour Bureau|
|Commodities||Goods only||Goods and Services both|
Note: Base Year to be revised.