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Indian economy miscellaneous
  1. Inflation in India is measured on which of the following indexes / indicators ?
    1. Cost of Living Index (CLI)
    2. Consumer Price Index (CPI)
    3. Gross Domestic Product (GDP)
    4. Wholesale Price Index (WPI)
Correct Option: D

Inflation in India is measured on the Wholesale Price Index (WPI). The wholesale price index (WPI) is based on the Wholesale price of a few relevant commodities of over commodities available. The base year used for comparing is 2004-05 and uses 676 items. The indicator tracks the price movement of each commodity individually. Based on this individual movement, the WPI is determined through the averaging principle.


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