UPSC Articles
WPI inflation
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 |
| Base Year | 2011-12 | 2012
Note: Base Year to be revised. |
| Published | Monthly | Monthly |
