Question
Assertion (
- A : In India, a sharp rise in the international prices of crude oil usually leads to a more immediate and significant increase in the Wholesale Price Index (WP
- I compared to the Consumer Price Index (CP
- I . Reason (
- R : The weightage of the 'Fuel and Power' group in the WPI basket is nearly double its weightage in the CPI basket, and the WPI captures price changes at the first stage of transaction.
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