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Indian Economy
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In India, inflation measured by the

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Correct Answer: Option A
Two major measures for inflation, which are widely used, are Wholesale Price Index (WPI) and Consumer Price Index (CPI). WPI measures the increase in the prices of a fixed basket of goods prevailing in the wholesale market while CPI measures the increase in the prices of essential commodities purchased by an average consumer prevailing in the retail market. Measured weekly, WPI is the primary inflation measure in India.
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1 Comment
Jan Lone
Jan Lone 2 years ago
In India, CPI (combined) is declared as the new standard for measuring inflation (April 2014).