WHO publishes WPI data in India?

WHO publishes WPI data in India?

the Ministry of Commerce and Industry
The WPI is published by the Economic Adviser in the Ministry of Commerce and Industry.

What is the current CPI in India?

India Prices Last Unit
Consumer Price Index CPI 162.90 points
GDP Deflator 146.10 points
Producer Prices 135.90 points
Producer Prices Change 11.39 percent

What is a CPI data?

The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Average price data for select utility, automotive fuel, and food items are also available. …

Why is the CPI important?

It is the most widely used measure of inflation and, by proxy, of the effectiveness of the government’s economic policy. The CPI gives the government, businesses, and citizens an idea about price changes in the economy and can act as a guide in order to make informed decisions about the economy.

What do you need to know about CPI and WPI?

There are only few countries that use WPI while more than 150 countries use CPI as an indicator of price change. All You Need To Know About CPI and WPI? Consumer Price Index (CPI) has risen from 3.05 per cent in May to 3.18 per cent in June.

What is the difference between WPI and wholesale price index?

WPI is a Wholesale price index it is used to measure the average change in price in the sale of goods in bulk quantity by the whole seller. WPI also measures changes in commodity prices at the selected level before it reaches the final level that is the consumer. WPI is the first level where the first price increase in goods.

How often is CPI data available in India?

Data on Wholesale Price Index (WPI) is available every week, while data on Consumer Price Index (CPI) is only available every month, so there is a time lag in CPI data availability compared to WPI data availability, which can impact decision making both for RBI and the Government of India, as the previous answer states.

Where does the WPI data come from in India?

WPI in India is published by the Office of Economic Adviser, Ministry of Commerce and Industry. Further, the data for WPI is monitored and updated on a weekly basis taking into account all the 676 items that form the index.