Transcription of MANUAL ON WHOLESALE PRICE INDEX (Base: 2011-12 = 100)
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MANUAL ON WHOLESALE PRICE INDEX (Base: 2011-12 = 100)
MANUAL ON WHOLESALE PRICE INDEX ( base : 2011 -12 = 100) Office of the Economic Adviser Department of Industrial Policy & Promotion Ministry of Commerce & Industry Government of India New Delhi II Contents Page No. Chapter - 1 INTRODUCTION Importance of WHOLESALE PRICE INDEX 1 Need for a periodic revision in the base year of WPI 2 Need for revisiting the present base year 2004-05 2 Nodal Office for Compilation of WPI 2 The Working Group and its terms of reference 2-4 Chapter - 2 CONCEPT AND METHODOLOGY About the PRICE INDEX 5 Change in Definition of WHOLESALE PRICE INDEX 5 Treatment of Exports and Imports 6 Treatment of Coal 6 Selection of base Year 7 Selection of Basket 7-9 Basket of Commodities 9-11 Weighting Structure 11-14 Method of Calculation of WPI 14-16 Seasonal Items 17 Linking Factor 17 Computerization of the INDEX compilation 17 Chapter - 3 DATA COLLECTION & DISSEMINATION Data Collection and Mechanism 18 Data Management and Dissemination System 18-19 Procedure for Estimation for
1 Chapter I INTRODUCTION 1.1 Importance of Wholesale Price Index 1.1.1 An Index is a measure of the change in a group of related variables over two different situations.
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