WHO releases CPI WPI?
Explanation: The data of the Consumer Price Index (CPI) is released by the Central Statistics Office of the Ministry of Statistics and Program Implementation. 14. At which stage Wholesale Price Index (WPI) based inflation is calculated?
What is CPI and WPI Upsc?
WPI, tracks inflation at the producer level and CPI captures changes in prices levels at the consumer level. WPI does not capture changes in the prices of services, which CPI does.
Is CPI published quarterly?
Consumer Price Index in India is published monthly by the Central Statistical Organization (CSO). Consumer Price Indices (CPI) measure changes over time in the general level of prices of goods and services that households acquire for consumption.
Does India use WPI or CPI?
India uses changes in the CPI to measure its rate of inflation. The WPI measures the price of a representative basket of wholesale goods. In India, this basket is composed of three groups: Primary Articles (22.62% of total weight), Fuel and Power (13.15%) and Manufactured Products (64.23%).
Which is better CPI or WPI?
As CPI provides more clarity about inflation and its economy on the overall economy hence CPI is widely used for calculating inflation as compared to WPI. So, monetary policy primarily focuses on price stability and that can be achieved by controlling inflation and inflation can be track and measured by WPI and CPI.
Why India switched over to CPI from WPI?
For past many years, India used WPI to measure the inflation. When Raghuram Rajan was at the helm at the RBI, he started using CPI to measure the inflation. … There are only few countries that use WPI while more than 150 countries use CPI as an indicator of price change.