Inflation is an increase in the level of prices of goods and services. The two major indices based on which it is measured are as follows:
- WPI (Wholesale Price Index)
- CPI (Consumer Price Index)
Further Reading:
| Related Links | |
| Inflation Targeting | Producer Price Index |
| Monetary Policy | UPSC Economy MCQ for IAS Prelims |
| Economy Questions on UPSC Prelims | Topic-wise GS 3 questions for UPSC Mains |
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