Write down the uses of the wholesale Price Index numbers?

1.	Write down the uses of the wholesale Price Index numbers?
Answer» Uses of the Wholesale Price Index numbers: 1. The time series of wholesale Price index numbers can be used to forecast future prices. 2. With the help of wholesale price index number, we can estimate the future demand and supply situation. 3. It is used to measure the rate of inflation. 4. It can be used to eliminate the effect of change in price on aggregates such as national income, capital formation etc.

Answer»

Uses of the Wholesale Price Index numbers:

1. The time series of wholesale Price index numbers can be used to forecast future prices.

2. With the help of wholesale price index number, we can estimate the future demand and supply situation.

3. It is used to measure the rate of inflation.

4. It can be used to eliminate the effect of change in price on aggregates such as national income, capital formation etc.

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