Wholesale Inflation ( Wholesale Price Index )

About Dataset

The Wholesale Price Index (WPI) is a key economic indicator that measures the average change in the prices of commodities traded in bulk at the early stages of the transaction cycle. It serves as a crucial tool for monitoring inflationary trends in the economy by capturing price movements at the wholesale level. The index basket of the current WPI series encompasses a wide range of commodities classified under three major groups: Primary Articles, Fuel & Power, and Manufactured Products. The price data compiled for WPI follows a structured methodology, with ex-factory prices being recorded for manufactured products, agricultural commodity prices being sourced from agri-markets (mandis), and mineral prices being taken at ex-mines rates. The composition of the WPI basket is determined based on the value of production, duly adjusted for net imports, ensuring a representative measure of wholesale price trends.