Tuesday, October 20, 2009

Wholesale Price Index (WPI) to be released on monthly basis

The Cabinet Committee on Economic Affairs has approved a proposal to the effect that the Department of Industrial Policy & Promotion will release the current series of Wholesale Price Index (wpi) is calculated on a monthly basis.

Presently WPI is released on a weekly basis.

The compilation of the price index of primary articles and commodities will, however, continue to be a weekly event. This the cabinet believes will allow for better monitoring of the prices of sensitive commodities and products.

WPI is used to calculate inflation - a key monetary policy input.

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