Question:

Clarify the difference between the Wholesale Price Index (WPI) and Consumer Price Index (CPI).

Hint

1. WPI is determined based on the price of the commodities in the wholesale market while CPI is determined on the basis of the price of the final product available to people.
2. Stats for WPI are available weekly while stats for CPI are available monthly.
3. Stats under WPI are detailed while limited commodities are included in the stats for CPI.
4. Three types of indices are included in CPI.

---

Read Important Topics for General Studies

Ramsar Sites in India	Special Economic Zones (SEZs)	List of Important Inscriptions
Ecological Pyramids- of Numer, Biomass, and Energy	Multilevel Planning in India	Eutrophication and Algal Bloom
monetary policy	hot deserts	Ocean Currents

Please leave your valuable feedback/suggestions. Share this article with your friends and other aspirants.

Follow us on FACEBOOK