Question
Consider the following Statements. (I) WPI
tracks inflation at the wholesale level and CPI captures changes in prices levels at the consumer level. (II) WPI does not capture changes in the prices of services, which CPI does. (III) In WPI, more weightage is given to manufactured goods, while in CPI, more weightage is given to food items. 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.Solution
What is the difference between CPI and WPI? WPI tracks inflation at the producer level and CPI captures changes in prices levels at the consumer level. WPI does not capture changes in the prices of services, which CPI does. In WPI, more weightage is given to manufactured goods, while in CPI, more weightage is given to food items.
A cricketer whose bowling average is 24.85, runs per wicket, takes 5 wickets for 52 runs and thereby decreases his average by 0.85. The number of wicket...
The average of a series of 30 numbers is 70. The difference between the largest number and the smallest number is 140. If the largest and the smallest n...
A student's average score across five subjects is 80. If the scores in four subjects are 78, 85, 82, and 88, what is the average of the top three highes...
Average age of company A is 23 years and average age of both companies A and B is 15 years. If the ratio of number of employees in company A and B is 3:...
- The mean of 15 observations is 124 and the median of the observations is 130. Find the mode of the observations.
The average age of 30 employees is 28 years. If x new employees join with an average age of 35 years, the overall average rises by 1 year. Find x.
Average marks scored by each boy in a class were 70, whereas that by each girl were 90. If the number of boys in the class is 50% more than the number o...
Average weight of 13 nurses is 45 kg. If the weight of one more nurse is included, then average weight is increased by 1 kg. Find the weight of the newl...
The average weight of 40 students in a class is 60 kg. A group of students with average weight 50 kg joins the class, and the overall average becomes 58...
The average of the present age of 'D' and 'E' is 40 years. If the ratio of the age of 'D' 5 years ago to the age of 'E' 5 years hence is 2:3, then find ...
