In India, inflation is measured through __________.

Consumer Price Index

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Producer Price Index

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Wholesale Price Index

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None of the above

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Solution

The correct option is C Wholesale Price Index
Inflation rates in India are usually quoted as changes in the Wholesale Price Index (WPI), for all commodities.

The Wholesale Price Index (WPI) is the price of a representative basket of wholesale goods.

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Q. Q21. Consumer Price Index (CPI) Inflation in India is measured on a

A consumer price index measures changes in

(i) retail prices

(ii) wholesale prices

(iii) producers prices

The annual rate of price inflation in India is measured by the

Consumer price index reflects______ inflation.

Q34) In the past few months, the two main inflation indicators — the Wholesale Price Index (WPI) and the Consumer Price Index (CPI) — are moving in widely divergent directions. Consider the following statements:

1) Headline inflation does not include food and fuel prices while Core inflation includes all-item index

2) CPI is measured on base year 2012

3) Reserve Bank of India has now adopted WPI as new measure of Inflation

Which of the above statement(s) is/ are incorrect?

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In India, inflation is measured through __________.

The correct option is C Wholesale Price IndexInflation rates in India are usually quoted as changes in the Wholesale Price Index (WPI), for all commodities. The Wholesale Price Index (WPI) is the price of a representative basket of wholesale goods.

The correct option is C Wholesale Price Index
Inflation rates in India are usually quoted as changes in the Wholesale Price Index (WPI), for all commodities.

The Wholesale Price Index (WPI) is the price of a representative basket of wholesale goods.