Producer Price Index (India): Difference between revisions

Latest revision as of 17:45, 9 December 2021

The Indian Wholesale Price Index was first published in 1902 in India. The Producer Price Index hasn't been in use in India yet, but Niti Aayog has created a roadmap to introduce it soon. The Wholesale Price Index is the index used to measure the changes in the average price level of goods traded in wholesale market. A total of 697 commodity prices make up the index. It is available on a weekly basis for three different categories and a monthly compilation, with the shortest possible measurement lag being two weeks. Because of this, it is widely used in business and industry circles and in government, and is generally taken as an indicator of the inflation rate in the Indian economy. Due to high inflation rates the Indian government reduces some commodities.

External links[edit | edit source]

https://web.archive.org/web/20080126093300/http://eaindustry.nic.in/pib.htm

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-The [[India]]n '''Wholesale Price Index (WPI)''' was first published in 1902. In India PPI haven't been in use yet, NITI Aayog have created a roadmap to introduce PPI soon.The Wholesale Price Index (WPI) is the index used to measure the changes in the average price level of goods traded in [[wholesale]] market. A total of 697 [[commodity]] prices make up the index. It is available on a weekly basis for three different categories and a monthly compilation, with the shortest possible measurement lag being two weeks. Because of this, it is widely used in business and industry circles and in Government, and is generally taken as an indicator of the [[inflation rate]] in the economy. As this is the most applicable method to measure inflation in the indian economy. But due to high inflation rates the government reduces some commodities.
+The [[India]]n '''Wholesale Price Index''' was first published in 1902 in India. The Producer Price Index hasn't been in use in India yet, but Niti Aayog has created a roadmap to introduce it soon. The Wholesale Price Index is the index used to measure the changes in the average price level of goods traded in [[wholesale]] market. A total of 697 [[commodity]] prices make up the index. It is available on a weekly basis for three different categories and a monthly compilation, with the shortest possible measurement lag being two weeks. Because of this, it is widely used in business and industry circles and in government, and is generally taken as an indicator of the [[inflation rate]] in the Indian economy. Due to high inflation rates the Indian government reduces some commodities.
 == External links ==