General Knowledge - Indian Economy - Discussion
Discussion Forum : Indian Economy - Indian Economy (Q.No. 53)
53.
In India, inflation measured by the
Answer: Option
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.
Discussion:
4 comments Page 1 of 1.
Arjun said:
5 years ago
Yes, CPI is correct.
Pradeep said:
9 years ago
Yes, Now CPI is being used to measure inflation from 2014 onwards.
(1)
Deed said:
9 years ago
I think now CPI is being used 2014 onwards.
Mohammed kaleem said:
9 years ago
This helps me effectively because I am working in retail section.
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