Wholesale Price Index (WPI) Vs Consumer Price Index (CPI): Composition, Methodology, and Uses
Introduction: The government is considering changing the base year for key economic indices to FY23 and revamping several datasets to better reflect structural changes in the economy. Currently, measures such as the Index of Industrial Production (IIP), Wholesale Price Index (WPI), and National Income are benchmarked to FY12, with the previous base year being FY05. […]