Transcription of MANUAL ON WHOLESALE PRICE INDEX (Base: 2011-12 = …
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MANUAL ON WHOLESALE PRICE INDEX (Base: 2011-12 = …
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
1.1.2 WPI is an important measure to monitor the dynamic movement of prices at the wholesale level. In a dynamic world, prices keep on changing. ... To review commodity basket of the current series of WPI, PPI and BSPI and suggest ... 2.1.1 The price index is an indicator of the average price movement over time of a fixed basket of
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