New FLASH SALE Dhamaka - Flat 60% Off on All Courses

    Question

    The wholesale price index (WPI) grew 11.16 per cent during the month of July, while the WPI for June was 12.07 per cent, the data showed. The WPI in August 2020 was at 0.41 per cent. “The high rate of inflation in August 2021 is primarily due to rise in prices of non-food articles, mineral oils; crude petroleum & natural gas; manufactured products like basic metals; food products; textiles; chemicals and chemical products etc as compared the corresponding month of the previous year,” the ministry statement said. The food articles segment witnessed a (-)1.29 per cent change in August, the data showed. In the month prior to that, this was zero per cent.

    Who releases the figures of Wholesale Price

    Index?
    A Economic Adviser (Ministry of Commerce and Industry) Correct Answer Incorrect Answer
    B Ministry of Finance Correct Answer Incorrect Answer
    C Ministry of Home Affairs Correct Answer Incorrect Answer
    D Ministry of Statistics and Program Implementation Correct Answer Incorrect Answer
    E RBI Correct Answer Incorrect Answer

    Solution

    The WPI is published by the Economic Adviser in the Ministry of Commerce and Industry. The Wholesale Price Index focuses on the price of goods traded between corporations, rather than the goods bought by consumers, which is measured by the Consumer Price Index.

    Practice Next