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WPI Falls to 21-Month Low

Published on December 16, 2022
Current Context: The Ministry of Commerce and Industry stated that the Wholesale Price Index (WPI)-based inflation dropped to a 21-month low.
WPI Falls to 21-Month Low
  • The WPI was recorded to be 5.85% in November 2022, compared to 14.87% in November 2021.
  • The primary reason for this fall may be attributed to easing prices of:
  1. Food Articles
  2. Chemical and Chemical Products
  3. Basic Metals
  4. Textiles
  5. Paper and Paper Products
  • Sector-based WPI Rates in November 2022:
  1. Food Inflation- 2.17%
  2. Manufactured Products- 3.59%
  3. Energy Sector- 17.35%
  4. Vegetable- (-ve) 20.08%
  • The WPI is a measure of change in the price of a basket of goods and products (not services) at a wholesale level.
  • It is published by the Office of Economic Adviser under the Ministry of Commerce and Industry and 2011-12 is considered as the base year to calculate it.

Question:

Q.1 The WPI for November 2022 was recorded at?
a. 5.85%
b. 6.00%
c. 6.15%
d. 6.30%
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