General Knowledge - Indian Economy - Discussion

Discussion :: Indian Economy - Indian Economy (Q.No.53)

53. 

In India, inflation measured by the

[A]. Wholesale Price Index number
[B]. Consumers Price Index for urban non-manual workers
[C]. Consumers Price Index for agricultural workers
[D]. National Income Deflation

Answer: Option A

Explanation:

Two major measures for inflation, which are widely used, are Wholesale Price Index (WPI) and Consumer Price Index (CPI). WPI measures the increase in the prices of a fixed basket of goods prevailing in the wholesale market while CPI measures the increase in the prices of essential commodities purchased by an average consumer prevailing in the retail market. Measured weekly, WPI is the primary inflation measure in India.

Mohammed Kaleem said: (May 1, 2016)  
This helps me effectively because I am working in retail section.

Deed said: (Jul 20, 2016)  
I think now CPI is being used 2014 onwards.

Pradeep said: (Feb 20, 2017)  
Yes, Now CPI is being used to measure inflation from 2014 onwards.

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