In India, inflation measured by the -1. Wholesale Price Index Number2.

1.	In India, inflation measured by the -1. Wholesale Price Index Number2. Consumer Price Index for urban non-manual workers3. Consumer Price Index for agricultural labourers4. National Income Deflator
Answer» Correct Answer - Option 1 : Wholesale Price Index Number The correct answer is Wholesale Price Index Number. In India, inflation measured by the - Wholesale Price Index Number. The Wholesale Price Index represents the price of a basket of wholesale goods. WPI focuses on the price of goods that are traded between corporations. It does not concentrate on goods purchased by the consumers. The main objective of WPI is monitoring price drifts that reflect demand and supply in manufacturing, construction and industry. WPI helps in assessing macroeconomic as well as microeconomic conditions of an economy. Inflation rates are based on WPI which is released by the Office of Economic Advisor under the Ministry of Commerce and Industry. 2011-2012 is the base year for the Wholesale Price Index (WPI). There are four series, viz the CPI UNME (Urban Non-Manual Employee), CPI AL (Agricultural Labourer), CPI RL (Rural Labourer), and CPI IW (Industrial Worker). While the CPI UNME series is published by the Central Statistical Organisation, the others are published by the Department of Labour.

In India, inflation measured by the -1. Wholesale Price Index Number2. Consumer Price Index for urban non-manual workers3. Consumer Price Index for agricultural labourers4. National Income Deflator

Answer» Correct Answer - Option 1 : Wholesale Price Index Number

The correct answer is Wholesale Price Index Number.

The Wholesale Price Index represents the price of a basket of wholesale goods.
- WPI focuses on the price of goods that are traded between corporations.
- It does not concentrate on goods purchased by the consumers.
- The main objective of WPI is monitoring price drifts that reflect demand and supply in manufacturing, construction and industry.
- WPI helps in assessing macroeconomic as well as microeconomic conditions of an economy.
- Inflation rates are based on WPI which is released by the Office of Economic Advisor under the Ministry of Commerce and Industry.
- 2011-2012 is the base year for the Wholesale Price Index (WPI).
There are four series, viz the CPI UNME (Urban Non-Manual Employee), CPI AL (Agricultural Labourer), CPI RL (Rural Labourer), and CPI IW (Industrial Worker).
While the CPI UNME series is published by the Central Statistical Organisation, the others are published by the Department of Labour.