Economic Awareness - Sectors of Indian Economy
The Wholesale Price Index (WPI) primarily measures inflation at which level?
The Wholesale Price Index (WPI) primarily measures inflation at which level?
easy Q13 of 15
Step-by-Step Solution
Step 1: Identify inflation measurement levels
Inflation can be measured at retail, wholesale, or consumer levels.Step 2: Apply WPI definition
WPI measures price changes of goods at the wholesale level before retail sale.Final Answer:
Wholesale level → Option DQuick Check:
Wholesale level = correct ✅
Quick Trick: WPI = Wholesale prices; CPI = Consumer prices.
Common Mistakes:
- Confusing WPI with CPI which measures retail inflation.
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