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    Question

    Which of the following ministries is responsible for

    compiling and releasing Wholesale Price Index (WPI)?
    A Ministry of Finance Correct Answer Incorrect Answer
    B Ministry of Commerce & Industry Correct Answer Incorrect Answer
    C Ministry of Agriculture Correct Answer Incorrect Answer
    D Ministry of women and child development Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Wholesale Price Index (WPI) is an important index necessary for calculating inflation in a country. The Office of the Economic Adviser in the Department of Industrial Policy and Promotion, Ministry of Commerce & Industry is responsible for compiling WPI and releasing it. India’s wholesale inflation soared to a three-decade high in April as high commodity prices and supply-chain disruptions pushed up input costs for producers. The annual rate of inflation was 15.08% (Provisional) for the month of April 2022 (Y-o-Y) as compared to 10.74% in April 2021.

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