WPI and CPI

Question 1

Who published Wholesale Price Index ?

Answer 1

Office of Economic Advisor, Ministry of Commerce

Measures changes in prices of goods sold and traded in bulk by wholesale businesses

Tracks inflation at the producer level

Hence does not capture the services

Question 2

Base year of WPI ?

Answer 2

2011-12

Question 3

What is the weightage pattern in WPI ?

Answer 3

1) Primary articles (22.6%) – Food and non food

2) Fuel and Power (13.2%)

3) Manufactured products (64.2℅)

Food index (64.4%)

Question 4

Is WPI published yearly or monthly ?

Answer 4

Monthly (14th of every month)

Question 5

What are the 4 categories of CPI ?

Answer 5

CPI for Industrial Workers (CPI-IW)
CPI for Agri Labourers (CPI-AL)
CPI for Rural Labourers (CPI-RL)
CPI (Rural urban combined)

Question 6

Who releases each of these ?

Answer 6

First 3 are released by the Labour Bureau

CPI Rural urban combined is released by NSO in MoSPI

Question 7

What are the base years of each of these ?

Answer 7

CPI - IW —– 2016
CPI AL and RL —— 1986-87
CPI — 2012

Question 8

What is the difference in CPI ?

Answer 8

Measuring inflation at the buyer side (services taken into acccount)

Question 9

What are the weightages in CPI ?

Answer 9

1) Housing (10%)

2) Fuel and Light (6.8%)

3) Clothing (6.5%)

4) Pan tobacco intoxicants (2.38%)

5) Miscellanous (28.3%)

6) Food and beverages (45.8%)

Question 10

Is CPI released monthly ?

Answer 10

Yess.. 12th of every month

Question 11

Who releases the quarterly and annual GDP data ?

Answer 11

NSO (with a time lag of 2 months)

Question 12

What is the base year of IIP ?

Answer 12

2011-12

Question 13

What are the broad sectors of IIP ?

Answer 13

Manufacturing , Mining and Electricity

Question 14

What are the use based sectors of IIP ?

Answer 14

Capital goods, Basic goods
Intermediary goods,
Infrastructure goods,
Consumer durables and non durables