Wholesale Price Index for March 2022

Current Context: The Wholesale Price Index Inflation has buoyantly Rosen to 14.55 % as per data released by the office of economic advisor, DPIIT following the disruption in fuel supply amid the Ukraine Crisis.

• The Wholesale Price Index is assessed based on three parameters .

1. Primary Articles
2. Fuel and Power
3. Manufactured Articles

• Of the above three parameters, fuel is a greater component that has seen constant Philip due to the Ukraine - Russia War as supply has been badly impacted. Also, fuel is the prerequisite for running manufacturing units, hence WPI has seen an exponential surge.

• As against 2.73 Fuel and Power has reached 5.68 over a month of time. This is suggestive of having strategic reserves as indicated by the Finance minister during her post-budget session so that domestic prices remain under control.
• Being the driver of manufacturing industries. Fuel and Power need to remain prone to global supply chain shocks so that cumulative growth is not affected.

Question:

Q.1 What are the parameters for calculating WPI?
a. Primary Articles, Fuel & Power, Manufactured products
b. Primary Articles, Secondary Articles, Fuel and Power
c. Primary Articles, Secondary Articles, Manufactured products
d. None of the above