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Q.

What is the difference between Wholesale price index and Consumer price Index and which is best to measure?

Asked by PMDhanya Nair, 03 Feb '09 08:53 pm
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Answers (1)

 
1.

The consumer price index (CPI) is the key gauge for inflation. It measures price increases and decreases on common group of consumer goods and services on a monthly basis.

A Wholesale Price Index (WPI) is the price of a representative basket of wholesale goods. Some countries use WPI changes as a central measure of inflation.

CPI is best to measure.
Answered by Good Citizen, 03 Feb '09 09:49 pm

 
  
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