Wpi Power Systems Forecast
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FAQ
WPI= (Current Price / Base Period Price) × 100 Suppose, the total price of goods in the current year (2016) is INR 3,500. To calculate the change in prices, we consider 2010 as the Base Year. The total price of goods in the base year is INR 2,000.
How is inflation rate calculated? For example, WPI on Jan 1st 1980 is 106.09 and WPI of Jan 1st 1981 is 109.72 then inflation rate for the year 1981 is, (109.72 106.09)/106.09 x 100 = 3.42% and we say the inflation rate for the year 1981 is 3.42%.
The rate of inflation based on WPI Food Index increased from 6.70% in November, 2021 to 9.24% in December, 2021.
India Wholesale Price Index (WPI) Data: The wholesale inflation across the country rose to 13.11 per cent in February, data released by the Ministry of Commerce & Industry showed.
The WPI is published by the Economic Adviser in the Ministry of Commerce and Industry. The Wholesale Price Index focuses on the price of goods traded between corporations, rather than the goods bought by consumers, which is measured by the Consumer Price Index.