The consumer price index in India is continuously rising over the year 2012 and 2013. Which value is compromised with the rising wholesale price index?

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Solution

The value of non-equitable treatment to the poor section of the society is compromised here. The rise in wholesale price index hurts the poor and lower middle class more as they have meagre resources to run their lives. The rise in prices of essential commodities will lead to sufferings for them.

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Similar questions

(A) If mean of a service is 30 and mode is 25. Find median.

(B) The wholesale price index in India is continuously rising over the year 2012 and 2013.

Which value is compromised with the rising wholesale price index ?

A) If mean of a series is 30 and mode is 25. Find Median.

B) Which value is compromised with the rising wholesale price index?

Which of the following statement(s) is/are correctly stated?

Codes :

1, 2 and 3 only
3 and 4 only
4 only
2, 3 and 4 only

A consumer price index measures changes in

(i) retail prices

(ii) wholesale prices

(iii) producers prices

From an individual perspective, which index between Consumer Price Index(CPI) and Wholesale Price Index (WPI) would affect your standard of living more? Give reason.

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