Which of the following Institution/office bring out the Wholesale Price (WPI) data in India? |ForumIAS

[A] The Reserve Bank of India

[B] The Ministry of Commerce and Industry

[C] The Ministry of Finance

[D] The Ministry of Consumer Affairs, Food and Public Distribution

Answer: B

Notes:

The Ministry of Commerce and Industry brings out the Wholesale Price (WPI) data in India.
The Wholesale Price Index measures the changes in the prices of goods sold and traded in bulk by wholesale businesses to other businesses.
It is published by the Office of Economic Advisor (Ministry of Commerce & Industry).
The base year for WPI is 2011-12.
It is effective from April 2017.
It is unlike the Consumer Price Index (CPI), which tracks the prices of goods and services purchased by consumers.
It captures the average movement of wholesale prices of goods and is primarily used as a GDP deflator.
WPI(2011-12) reckons only basic prices and does not include taxes, rebate/trade discounts, transport and other charges.

Source: Sriram’s IAS