Wholesale Price Index (WPI)

The Wholesale Price Index (WPI) measures the average change in prices of goods sold in bulk by wholesalers over time. It reflects the cost of goods before they reach retail markets and is used to assess inflation at the wholesale level. A rising WPI indicates increasing prices, which may lead to higher retail prices for consumers. Governments and economists monitor the WPI to understand economic trends, inform policy decisions, and predict inflationary pressures in the economy. It focuses on commodities like food, fuel, and raw materials.