Abstract
India uses the wholesale price index (WPI) to calculate and then decides the inflation rate in the economy (mospi.nic.in). In India, a total of 435 commodities data on price level is tracked through the WPI, which is an indicator of movement in prices of commodities in all trade and transactions. It is also the price index that is available on a weekly basis with the shortest possible time lag only two weeks. The Indian government has taken the WPI as an indicator of the rate of inflation in the economy.
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© 2015 Dipak Basu and Victoria Miroshnik
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Basu, D., Miroshnik, V. (2015). Inflation in India. In: International Business and Political Economy. Palgrave Macmillan, London. https://doi.org/10.1057/9781137474865_15
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DOI: https://doi.org/10.1057/9781137474865_15
Publisher Name: Palgrave Macmillan, London
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