The Producer Price Index (PPI) is a weighted index of prices measured at the wholesale, or producer level. The PPI shows trends within the wholesale, manufacturing industries and commodities markets. All of the physical goods-producing industries that make up the economy are included, but imports are not. The PPI measures the average changes over time […]
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WPI is the index that is used to measure the change in the average price level of goods traded in wholesale market. WPI in India is published by the Office of Economic Adviser, Ministry of Commerce and Industry. An, important point to take note of is the wholesale price index (WPI) does not includes the
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A type of persistent inflation caused by deficiencies in certain conditions in the economy such as a backward agricultural sector that is unable to respond to people’s increased demand for food, inefficient distribution and storage facilities leading to artificial shortages of goods, and production of some goods controlled by some people. It is prevalent in
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