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WPI and CPI are two important indices for measuring inflation. But there are substantial differences between the two. Which of the following statements is/are true bout the difference between CPI and WPI?
1. WPI measures inflation at wholesale market, while CPI measure at retail level.
2. WPI is more or less same throughout the country but CPI vary across the region.
Select the correct code from below.
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
WPI and CPI are two important indices for measuring inflation. But the...
WPI measures inflation at wholesale market, while CPI measure at retail level. Besides, the waytwo indices are calculated differs, both in terms of weightage assigned to products as well asthe kind of items included in the baskets of products.
Wholesale prices are more or less same throughout the country but Consumer prices varyacross the regions(rural and urban) and also across the cities according to the consumerpreference for certain products, supplies and purchasing power.
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WPI and CPI are two important indices for measuring inflation. But there are substantial differences between the two. Which of the following statements is/are true bout the difference between CPI and WPI?1. WPI measures inflation at wholesale market, while CPI measure at retail level.2. WPI is more or less same throughout the country but CPI vary across the region.Select the correct code from below.a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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