Wholesale Price Index

The Wholesale Price Index (WPI) measures the average change in prices of goods at the wholesale level, which are products before they reach retail stores and consumers. It reflects overall price trends for goods such as raw materials, machinery, and bulk commodities. WPI is used by governments and economists to monitor inflation, assess economic health, and guide policy decisions. It doesn't include services or final retail prices, focusing instead on the costs faced by businesses before products reach consumers. Changes in the WPI can indicate rising or falling prices in the economy's production sectors.