With reference to the wholesale price index (WPI),

Solution

· India’s wholesale price index (WPI)-based inflation rate rose to the highest level in the current 2011-12 series at 15.08 per cent in April on the back of hardening commodity and vegetable prices. · With this, the WPI-based inflation has been in double-digits for 13 consecutive months. · Core inflation, which excludes food and fuel inflation, rose marginally to a four-month high of 11.1 per cent. · Fuel inflation climbed to 38.66 per cent, while inflation for manufactured products increased to 10.85 per cent. · Ministry of Commerce & Industry is responsible for compiling WPI and releasing it. · Wholesale Price Index (WPI) is an important index necessary for calculating inflation in a country.