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Wholesale Price Index

June 15, 2023

Context: 

India’s wholesale prices remained in deflationary mode for the second month with prices falling 3.48%, and all categories reporting a contraction in prices compared with May 2022, when inflation had hit a record high of 16.6%.

About Wholesale Price Index:

  • Wholesale Price Index (WPI) represents the price of goods at a wholesale stage i.e. goods that are sold in bulk and traded between organisations instead of consumers. 
  • Released by:  The Economic Advisor in the Ministry of Commerce and Industry. 
  • Base year: 2011-12
  • WPI covers only goods and services are excluded. 
  • WPI is primarily used as a GDP deflator. 
  • WPI reckons only basic prices and does not include taxes, rebate/trade discounts, transport and other charges.
  • Components and weightage in WPI basket:
    1. Primary articles: 20.12 percent 
    2. Manufactured products:  64.97 percent 
    3. Fuel and power: 14.91 percent

News Source: The Hindu

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 Final Result – CIVIL SERVICES EXAMINATION, 2023.   Udaan-Prelims Wallah ( Static ) booklets 2024 released both in english and hindi : Download from Here!     Download UPSC Mains 2023 Question Papers PDF  Free Initiative links -1) Download Prahaar 3.0 for Mains Current Affairs PDF both in English and Hindi 2) Daily Main Answer Writing  , 3) Daily Current Affairs , Editorial Analysis and quiz ,  4) PDF Downloads  UPSC Prelims 2023 Trend Analysis cut-off and answer key
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UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
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