Wholesale Price Index (WPI) in India primarily measures price changes for goods at which stage?
A. Retail sale to consumers
B. First point of bulk sale in the market
C. Factory gate before any distribution
D. Import at customs
Answer: Option B
Solution (By JKExamLibrary)
WPI tracks price movements of goods traded in bulk at the wholesale level (first point of mass sale), reflecting producer and wholesale market inflation, distinct from consumer-focused CPI.
No comments yet. Be the first to start the discussion!