ForumIAS LATEST
- Prelims Test Series (PTS) for Prelims 2027 starts 11th Oct. 2026 Click Here to know more →
- [Pre-order] Ethics Redbook 3rd Edition: Delivery starts from 10th October onwards Click Here to Read More →
- 21 Sept. | Forum Residential Coaching (FRC) for UPSC preparation Click Here to know more →
- 21 Sept. | GS Advance Program (GSAP) for UPSC 2027 Mains starts from 10th Oct. Click Here to Read More →
- According to government data,wholesale price-based inflation has reached a 2 year low of 2.02% in June,2019.
- This decline comes on the back of reduced inflation in the prices of manufactured products as well as a drop in the prices of fuel and power sources.
- However,RBI has projected upward in food inflation in the near term due to (a)uncertain monsoon (b)unseasonal spike in vegetable prices (c)crude oil prices (d)financial market volatility and (e)fiscal scenario.
- Wholesale Price Inflation(WPI) tracks changes in the price of goods in stages before the retail level i.e. goods that are sold in bulk and traded between organizations instead of consumers.
- It is measured by the Wholesale Price Index.The index basket of the WPI covers commodities falling under the three major groups namely Primary Articles, Fuel and Power and Manufactured products.It is important to note that WPI does not cover services.
- Wholesale Price Index is computed by the Office of the Economic Advisor (OEA),Department of Industrial Policy and Promotion,Ministry of Commerce and Industry.
