Inflation in the Wholesale Price Index (WPI) has reached a 13-month high by 1.26% in April 2024.
About the Wholesale Price Index (WPI):
- The WPI measures the average change in prices of commodities for bulk sale at the initial transaction stage, using 2011-2012 as the base year.
- Coverage in WPI includes Manufactured products (64.2%, highest), Primary Articles (22.6%), and Fuel and Power (13.2%).
- Unlike the Consumer Price Index (CPI), the WPI does not include services and has a lower weightage for food at 24.4% compared to CPI.
Ref: Source
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